What does asset integrity mean for the oil and gas industry?

Asset integrity, or asset integrity management systems (AIMS) is the term for an asset’s capacity to run effectively and accurately, whilst also protecting the wellbeing of all personnel and equipment with which it interacts – as well as the measures in place to assure the asset’s life cycle. Asset integrity applies to the entirety of an assets operation, from its design phase to its decommissioning and replacement. 

The constant business challenge for asset integrity managers is how to balance the designing, maintenance, and replacement of assets throughout their life cycle with the costs to business – in terms of finance, time, and resources. At its heart, it is the managing of the degradation of assets