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Safe late life

The goal of the main priority is that fields, installations and facilities in a late-life phase are operated safely.


Illustrasjon
A large and growing part of the Norwegian petroleum industry is characterised by marginal profits as a result of reduced production and increased costs. Maintaining safe operation can be challenging when profitability is reduced.
 
A strong pressure exists to maintain production as long as possible. The producing life of many older installations has been extended beyond the original plans.
 
The late-life issue has been reinforced by low oil prices and various initiatives to cut costs. We see that the regulations are under challenge in a number of areas.
 
What must the industry do?

What will PSA do?