Title: Aging of mechanical components on a modeled offshore oil & gas platform and the influence on the risk level – Incorporating renewals and surveillance
Life extension of offshore oil and gas platforms has become common as new technology has made available more oil and gas. It is often profitable to continue using an aging platform instead of deploying a new one. A common practice in quantitative risk analyses performed on aging platforms is to use constant failure rates for components and ignore a potential aging effect. This thesis intends to ex