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.
Expertise in Asset Integrity at Quanty