Critical Asset Performance Standards® (CAPS) for Offshore Reliability

Critical Asset Performance Standards

By applying Critical Asset Performance Standards (CAPS), oil and gas operators can incorporate global best practices leveraging extensive environmental, safety, and risk management experience from offshore and land-based platforms into their unique operating plans and procedures throughout the life cycle of their facilities. Implementation of CAPS promotes quantifiable operational and personnel safety while conducting drilling operations in deepwater environments.

This paper offers an overview of the process involved in developing CAPS for integration into a Safety and Environmental Management System (SEMS) as part of an overall Risk-based Asset Management strategy that provides regulatory compliance and system reliability.

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