CEG International’s Post

At Niagara Region, we manage a $5 billion asset portfolio of water and wastewater assets ranging from several water and wastewater treatment plants, to over one hundred pumping stations and reservoirs, to networks of pipelines and sewers. Our assets provide water and wastewater services to half a million people throughout several communities. This presentation will focus on the process to develop our 2024 Financial Plan which provides us with an investment forecast for the next 10 years. Using an intensive risk- based approach to project prioritization, we shortlisted our investments through a project-by-project detailed analysis which considered pre-investment risk vs the post investment benefit and overall cost of the investment. Projects were then prioritized using our custom-built cost benefit analytical framework that facilitates the trade-off between asset system service performance, cost and risks. Through this process we evaluated $2 billion of renewal and growth investment needs, and then shortlisted priorities, due to affordability constraints, into a total 10 year budget of $1.2 billion.

For my module called Asset and Portfolio Management I was tasked to advice a client on which asset classes they can invest in. This client was in the oil and gas sector and they were risk averse; they try to avoid by all means. This is how it went....

Measuring something is a great start but true value of data comes from understanding what it means and providing actionable outcomes. Resources for use and for operations are finite, so knowing where, when and how to use those precious resources is critical. #actionableoutcomes #measuretoact #assetmanagement #assetrisk

From all of us at Cenosco, we'd like to wish you a 𝐇𝐚𝐩𝐩𝐲 𝐍𝐞𝐰 𝐘𝐞𝐚𝐫!🎉 May it be filled with success, happiness and knowledge. Why not kick-off your year with some thought-provoking blog posts or insightful webinars on asset integrity management? In this recap, you can explore our top insights of last year.   𝘉𝘭𝘰𝘨 𝘗𝘰𝘴𝘵𝘴 📖   𝐂𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐃𝐚𝐭𝐚: 𝐓𝐡𝐞 𝐊𝐞𝐲 𝐭𝐨 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐀𝐬𝐬𝐞𝐭 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭  In this blog post, we simplify the complexities, exploring the pivotal role of accurate corrosion data and how it shapes the landscape of asset inspection.   𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐂𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐔𝐧𝐝𝐞𝐫 𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 (𝐂𝐔𝐈) 𝐰𝐢𝐭𝐡 𝐑𝐢𝐬𝐤-𝐁𝐚𝐬𝐞𝐝 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧𝐬 (𝐑𝐁𝐈) Join us as we delve into the intricacies of CUI, uncovering its elusive nature and the paramount role it plays in industrial maintenance costs.   𝐏𝐢𝐩𝐞𝐥𝐢𝐧𝐞 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲: 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐁𝐚𝐫𝐫𝐢𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 This blog post offers a practical roadmap for implementing and managing technical safety barriers in pipelines.   𝘞𝘦𝘣𝘪𝘯𝘢𝘳𝘴 📽️   𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐂𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐃𝐚𝐭𝐚 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 Dive into the crucial analysis step of determining equipment life, unraveling complexities related to corrosion data. Learn how visualization tools can simplify this process and contribute to better decision-making.   𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐓𝐞𝐬𝐭 𝐏𝐫𝐨𝐜𝐞𝐝𝐮𝐫𝐞𝐬, 𝐅𝐌𝐄𝐀, 𝐚𝐧𝐝 𝐒𝐈𝐅 𝐏𝐫𝐨𝐨𝐟 𝐓𝐞𝐬𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 The webinar walks you through a practical example, using the Failure Modes and Effects Analysis (FMEA) method, providing practical insights to assess and optimize your test procedures.   𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘊𝘢𝘴𝘦 🛢️   𝐄𝐚𝐬𝐞 𝐨𝐟 𝐀𝐮𝐝𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐒𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝𝐢𝐧𝐠 𝐀𝐬𝐬𝐞𝐭 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐰𝐢𝐭𝐡 𝐈𝐌𝐒 𝐏𝐄𝐈 NAM (Nederlandse Aardolie Maatschappij), the Dutch natural gas extraction company, selected IMS PEI as their solution of choice for ease of auditability and to ensure their asset integrity management.   𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞𝐬 𝐧𝐨𝐰 ➡️ https://hubs.la/Q02dNP0s0   ___________________   #️⃣ #assetintegritymanagement #assetperformancemanagement #integrity #safety #oilandgas #chemicalmanufacturing #corrosion #corrosionprevention #corrosionprotection #pipelinemanagement

Collecting the Right Data for Efficient Asset Management: Today, technology and information are key to managing assets. However, collecting the correct data for the right purpose can be difficult. Insufficient or incorrect data can lead to misleading or useless results. Compliance requirements often focus on pass/fail outcomes, which are essential for public health and environmental safety, but they may overlook the need for proactive management. A comprehensive approach to water asset management requires understanding current conditions and future risks. This includes factors like internal and environmental conditions, potential issues, and the varying resources available to different utilities. By using a solutions-based approach that matches client needs with the best technologies, techniques, and expertise, we can achieve actionable outcomes, prevent predictable failures, and reduce costs. To ensure efficient water asset management, start with the desired outcomes and work backward to find the ideal combination of tools and expertise. This strategy helps utilities make informed decisions, optimise resources, and ensure long-term success in delivering safe and reliable water services. #assetmanagement #assetrisk #actionableoutcomes #qualityoutcomes #watersustainability

In today's complex industrial landscape, Asset Integrity Management (AIM) is more crucial than ever. Spanning maintenance, inventory management, operations, and more, AIM ensures that your assets remain efficient, safe, and valuable throughout their lifecycle. Why AIM Matters: 1. Health and Safety: AIM helps minimise risks and enhance safety in high-risk industries like oil and gas, reducing accidents and protecting workers. 2. Operational Efficiency: It optimises asset performance, extends lifecycle, and reduces downtime, leading to better ROI and profitability. 3. Regulatory Compliance: With evolving regulations, AIM ensures compliance, helping avoid penalties and environmental impact. Read on for more: https://heyor.ca/rV9lvo #AssetIntegrity #IndustrialSafety #AIM #OperationalExcellence #TechInnovation #MaintenanceManagement

Setting Project Commissioning Spares Cost Allowance https://bit.ly/492aTbZ A Life Cycle Asset Management article by Mike Sondalini. Setting project commissioning spares cost allowance a question about using the relacement asset value ratio.

A lot of planning goes into asset management. To keep our water supply clean and safe, asset managers need to understand how the network is connected and the condition of their infrastructure. Reliability of information in your GIS is paramount. #AssetManagement #Infrastructure #GIS #WaterSupply #1Spatialusa

Asset management is a core part of what we do in Oil & Gas. In general, asset management involves managing physical assets (like wells, pipelines, and facilities) to maximize their value and efficiency while minimizing operational costs and risks. Asset management roles require a mix of technical knowledge, strategic planning, and operational management to ensure that assets deliver the best possible value over their lifecycle. But what types of skills are required for asset management jobs? Here are 3 you'll want to consider listing on your resume: ► Financial Acumen: Understanding the financial aspects of asset management is crucial. This includes budgeting, financial modeling, cost management, and economic evaluation. You will need to analyze financial data to make informed decisions about investments, operations, and maintenance to maximize returns and reduce costs. ► Technical Expertise: A deep understanding of the oil & gas operations, including exploration, production, and the technical aspects of the facilities and equipment used, is essential. This expertise helps in making decisions that enhance asset performance, ensure safety, and comply with regulatory standards. ► Strategic Planning and Analysis: Asset managers in the oil & gas industry need to be able to develop and implement strategies for long-term asset optimization. This includes planning for asset development, conducting risk assessments, and making contingency plans. Analytical skills are vital for evaluating potential opportunities and threats, and for navigating the often complex and dynamic nature of the oil & gas market. Which skills would you add? #oilgas #oilandgas #oilandgasindustry #engineering #petroleum #energy

LEAN Asset Integrity Management Safe and Reliable Operations has been a red thread throughout my career and my passion for Safety and Production Reliability is still top priority in my life. I am honoured to lead the workshop about Asset Integrity Management enhanced with the principles of Lean Management at the ASSET INTEGRITY & RELIABILITY SHOW 2024 in Muscat (my second home). The conference is under the patronage of the Ministry of Energy and Minerals of Oman. Asset integrity management aims at safe and reliable operations: this is preparation of operations during the project stage, and during the production phase of the assets. Principles are also applied during the decommissioning of assets. Lean Management is a concept of streamlining actives, effective execution, continuous improvement, and employee involvement and development. Combining the two has delivered unprecedented improvements in safety, equipment uptime, and overall production reliability. Get it right first time – every time! The concepts will be explained in simple terms for projects, operations, and mature operations with focus on energy and process industries. The workshop on March 3rd customises these concepts for the asset development and asset operations of the participants. I look forward meeting you in Muscat next week.