Decommissioning and Preservation | IRIIS, LLC
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IRIIS, LLC

Watching over your assets...

Decommissioning and Preservation Services

With active rig counts down to 60 percent of 2014 levels, scenes like this are common throughout the US and Canadian oil patch. Some of the older rigs are destined for scrap and won’t be seeing action again. The others will hopefully come back to life as demand improves.

But idling a rig for extended periods will have negative effects on expensive components if they aren’t preserved properly. Tight budgets encourage shortcuts but this only adds to the cost of redeployment when the time comes.

IRIIS’s Decommissioning Program reduces the risk and expense by assuring these assets are stacked right and ready to go to work when they are needed.

IRIIS has tailored the program to be sensitive to the economic realities the industry is facing, we can provide a plan that safeguards your assets as well as your budget.
Using state of the art database technology, IRIIS has developed a program to complete extensive inventories of equipment from any level of detail. With web based access to the results of the custom developed solution, the client has real time access to all of their assets and the condition and location of any cataloged equipment. In the current environment, assets are being broken up to service other units. IRIIS can help you stay on top of locations and condition of the individual components being used and give the client a better picture of where their assets are being used.
    • Real Time Access to asset location and availability.
    • Access to the certification for each piece of equipment with in-service and expiration dates. Notifications can be created to ensure the dates are kept current.
    • Up-to-date photos of the equipment accessible from the web based interface.
    • Detail of the preservation steps taken and the last date of inspection and or update of the preservation technique.
    • Database fully searchable by Equipment Type, Manufacturer, Current or Expired certification, Location and preservation method. These categories can be tailored to the specific client need.
When the time comes to activate equipment, the process will be made more effective by proper preservation and decommissioning. Armed with the knowledge to make this process smother will mean cost savings at every turn.
    • IRIIS Advisors provide detailed reports cataloging the condition of the asset to help market and get your asset hired.
    • Ensure your assets marketability with detailed records to show the steps taken to ensure readiness.
    • Provide a complete dossier of your asset with detailed information including certifications and maintenance records to prospective clients.
When the time comes to activate equipment, the process will be made more effective by proper preservation and decommissioning. Armed with the knowledge to make this process smother will mean cost savings at every turn.
    • IRIIS Advisors provide detailed reports cataloging the condition of the asset to help market and get your asset hired.
    • Ensure your assets marketability with detailed records to show the steps taken to ensure readiness.
    • Provide a complete dossier of your asset with detailed information including certifications and maintenance records to prospective clients.

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