5 Steps to Optimal Integrity and Performance Page 6 Asset Register Completeness Often the asset register is incomplete. Out of more than 100 assets, for which add energy have performed desktop and physical asset register verification, we have found 15-40% of the asset register to be missing or incorrect for safety (in the example below Shutdown Valves, Vessels, Transmitters and Relief valves) and operationally critical equipment alike. This varies greatly between companies, countries, age, and asset. This should always be checked before embarking on improvement studies for integrity and performance improvement as the result will be that unknown gaps will exist in the asset register, and a false sense of security will be given. Gaps in the asset register can mean that safety, operational and commercially critical equipment will not have maintenance tasks assigned to them, and so it will not be possible to demonstrate that any assurance tasks have been performed. Accordingly it will not be possible to assign the budget to maintaining the equipment for which records are missing. Missing data also prevents the correct spares through Bills of Materials to be assigned. These circumstances leave the asset holder exposed from a safety, integrity and compliance view.
