S-Oil Corp. has awarded Lloyd’s Register (LR) a contract covering the implementation of a fully integrated risk-based inspection (RBI) system for its new residue upgrading and olefin downstream complex (RUC/ODC) plant in Ulsan, South Korea.
Under the contract, LR will deliver additional RBI consultancy services across areas such as systems, software training, and inspection management modules. The company will also assist in the selection of thickness measurement locations for equipment and pipes.
Pyeong-Sik Shin, Asset Integrity and Development Solutions Manager at LR in Korea, said: “We are delighted that S-Oil has decided to adopt our Axxim software package to make its management of failure probability more systematic and efficient. In extending our RBI services to S-Oil’s strategic RUC/ODC project, we eagerly anticipate helping S-Oil successfully realise its goal to modernise and expand its integrated refining and petrochemical operations.”
Dong-Hak Lee, S-Oil’s Inspection Department Manager, said: “We have been working with LR’s in-house experts for some time. Apart from its high-quality RBI Software (Axxim) and RBI resources, the team’s expertise in corrosion specialties such as propylene oxide and polypropylene units will bring tremendous value to new processes at the integrated RUC/ODC complex.
“Coupled with its vast proven technical experience, we believe LR’s continued responsiveness will be pivotal in accelerating our momentum to successful project completion in 2018. This will in turn ensure S-Oil can improve its profitability and achieve long-term competitiveness by converting low-cost heavier hydrocarbons into high-value olefins and fuels.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/20062017/lr-wins-s-oil-contract/