Quanty - Innovative Integrity Assessment Methods
Innovative Integrity Assessment methods (new RBI). Unique fully probabilistic remant life predictions for corrosion and cracking damage. Born from a 20 years experience in asset integrity. Small business in Australian oil & gas since 2016. For cost and safety control.
Although our concept may sound too specific at a glance, it is in fact Universal and applicable to many industries for a truly new quality of risk management:
- Problem: Current engineering practices typically avoid probability analysis, as it seems to be too cumbersome, expensive or generic.
- Implications: Failure risk estimates traditionally made from ‘remnant life’ constant figures, thus the risk figures remain relative and qualitative, and don’t really support your decisions.
- Solution: Our R&D results are building blocks for Probability of Failure (PoF) predictions versus Time in your context, to seamlessly plot specific cost/benefit/safety curves versus Time.
This concept was applied to stress design, material selection, corrosion damage, fatigue life, crack propagation, damage tolerance, NDT planning and safety exposure studies made cost-wise.
Our IP is unique: it was born as we learned. It goes beyond contemporary engineering standards and practices. This is also a ‘glue’ for all the pieces of the asset management options mosaic.
Do you have experience with this Tech Expert Company that you want to share?
Login or create an account with only your email address to continue.continue