Oil, Gas & Petrochemicals
In oil and gas, the cost of an asset management failure is not a performance metric, it is a headline. PEAM works with upstream, midstream, and downstream operators to build the integrity management, reliability, and risk governance frameworks that protect people, licence to operate, and long-term asset value in one of the world's most demanding operating environments.
Process Safety
Frameworks that protect people, assets, and licence to operate
Integrity Management
Risk-based inspection and maintenance on high-consequence assets
Life Extension
Evidence-based decisions on sustain, extend, or decommission
Deep sector experience behind every recommendation.
In oil and gas, asset management failure is not a performance issue. It is a management issue.
The pressure on oil and gas operators has never been more complex. Commodity price volatility demands relentless cost discipline. Ageing offshore and onshore infrastructure demands increasing maintenance investment. Standards bodies and enforcement agencies are raising the bar on process safety and integrity management. And the energy transition is forcing every operator to make difficult decisions about which assets to sustain, which to extend, and which to decommission.
The organisations that navigate this successfully are not those that simply cut costs or defer maintenance. They are those that make smarter decisions, about which assets carry the most risk, where investment will generate the greatest return, and how to build the organisational capability to sustain that judgement over time.
Process safety and asset integrity are non-negotiable, but the evidence base required to demonstrate compliance is becoming more demanding at exactly the moment when operational budgets are under the greatest pressure.
A challenge PEAM hears from Oil, Gas & Petrochemicals leaders
"We are managing assets that are 30 years past their original design life. The question is not whether to invest, it is how to justify the right level of investment to a board that is also being asked to fund the energy transition."
Core challenges we address
Process Safety: Frameworks that protect people, assets, and licence to operate
Integrity Management: Risk-based inspection and maintenance on high-consequence assets
Life Extension: Evidence-based decisions on sustain, extend, or decommission
We give oil and gas leadership teams the risk intelligence and integrity management frameworks to protect people, assets, and licence to operate, without sacrificing the cost discipline that volatile markets demand.
PEAM brings direct upstream, midstream, and downstream experience to asset integrity, reliability, and performance improvement. We work with your engineering, operations, and HSE teams to build the risk frameworks, maintenance strategies, and competency programmes that allow your organisation to operate safely and efficiently, and to demonstrate that capability to insurers, auditors, and leadership.
We understand that in this sector, the margin for error is zero. Every recommendation we make is grounded in operational reality, not theoretical best practice.
What we bring to every Oil, Gas & Petrochemicals engagement
Direct oil and gas operational experience, not just advisory knowledge
Structured RCM methodology applied to your highest-consequence assets
Risk-based inspection strategy development aligned to your safety case and regulatory obligations
Asset health frameworks with condition indices, deterioration models, and quantified risk assessments
Whole-life cost modelling and life extension decision frameworks
Process safety and asset integrity management system assessment and improvement
Evidence base built to withstand regulatory, insurance, and board scrutiny
Practical capability across the full asset management lifecycle
We work with upstream, midstream, and downstream operators on the full spectrum of asset management challenges from process safety and integrity management through to reliability strategy and life extension planning.
Asset Integrity
Asset integrity and process safety management frameworks that protect your licence to operate and meet the expectations of insurers, auditors, and leadership, built around your specific asset base and operating context. We assess your current integrity management system, identify the gaps that carry the greatest risk to your safety case and regulatory position, and build a structured, prioritised programme to close them in a way that is practical for your operational environment.
RCM & Reliability
Reliability-centred maintenance (RCM) programmes that reduce unplanned downtime and maintenance cost on high-consequence assets without compromising safety or integrity. We apply structured RCM methodology to your highest-criticality plant and equipment, identifying the failure modes that matter most and building maintenance tasks that address them directly, rather than applying generic OEM intervals across the fleet.
Risk-Based Inspection
Risk-based inspection (RBI) strategy development that focuses your inspection resource where it matters most, reducing cost while increasing confidence in asset condition. We build the RBI framework around your specific asset types, operating conditions, and consequence-of-failure profile, producing an inspection programme that is defensible to regulators, insurers, and your own leadership team.
Life Extension
Life extension and decommissioning decision frameworks that give your board a rigorous, evidence-based basis for the most consequential investment decisions in your portfolio. We build the whole-life cost models, risk assessments, and decision criteria that allow your leadership to choose between sustain, extend, and decommission with confidence, and defend that choice under governance and regulatory scrutiny.
Asset Health & Risk
Asset health and risk frameworks, establishing condition indices, deterioration models, and quantified risk assessments that support portfolio prioritisation and defensible investment decisions across upstream, midstream, and downstream assets. We build the analytical infrastructure that allows your engineering and finance teams to speak the same language, translating asset condition data into risk scores, production impact estimates, and investment priority rankings that hold up under board, regulatory, and insurance scrutiny.
Sector knowledge meets asset management excellence
Every engagement is grounded in your specific operating context, asset base, and strategic horizon. We do not apply generic frameworks.
We start with your safety case and work outwards through your asset base. In oil and gas, the integrity of your highest-consequence assets is the foundation on which everything else is built. We map your asset portfolio against your process safety obligations, identify the assets where condition uncertainty is greatest and consequence of failure is highest, and build a criticality register that your engineering, HSE, and operations teams can use to prioritise their work and defend their decisions to regulators and insurers.
We build maintenance and inspection strategies around failure modes and consequences, not calendar intervals or generic OEM schedules. For high-consequence oil and gas assets, that means applying structured RCM and RBI methodology to your most critical plant, integrating condition monitoring and inspection data where it exists, and building a risk-based programme that reduces unplanned downtime and inspection cost without compromising safety or integrity. Where monitoring capability is absent, we identify the gaps and build the investment case for the data infrastructure that will deliver the greatest return.
Life extension and decommissioning decisions are structured around whole-life cost, risk, and strategic value, not sunk cost or operational inertia. We build the analytical framework your board needs to make the most consequential investment decisions in your portfolio with confidence, with clear assumptions, sensitivity analysis, and a decision methodology that holds up under governance, regulatory, and insurance scrutiny. We also help you build the internal processes to sustain that discipline across future capital cycles.
We transfer capability, not dependency. Every engagement includes knowledge transfer, process documentation, and coaching so your teams can sustain the improvement after we leave. In oil and gas, that means building your people's understanding of the integrity management methodology, the analytical tools, and the judgements involved, so that the frameworks we build together become a permanent part of how your organisation manages its asset base through the energy transition and beyond.
Training and Development
Build your team's asset management capability
PEAM delivers training programmes in asset management, reliability, and investment planning, available open-schedule or as corporate training for your team.
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Talk to us about how PEAM can support your asset management goals.