The numbers speak for themselves. By implementing an RBMI software-based Risk Based Inspection (RBI) program, this 130,000 BPD Refinery will save approximately $63,000,000 over ten years. The cost benefit is realized by reducing the amount of fixed equipment inspections being performed each year, relief device maintenance being performed each year, and reducing the risk associated with a loss of containment incident. Fixed equipment inspections and relief device maintenance are reduced by providing an optimized inspection or maintenance plan based on the Criticality results $1,270,000/year real savings in the maintenance budget. The risk reduction associated with the loss of containment can best be described as cost avoidance. By performing the inspection and maintenance activities recommended by the RBMI software, loss of containment incidents will be avoided, and the risk exposure will be significantly reduced ($5,100,000/year).
The value proposition below is based on a five-year plan with the $1,500,000 implementation cost spread over the first five years and similar annual savings being realized in years two through five, which provides a ROI of over 40 to 1.
RBI has enabled this refinery to improve the reliability, safety, and integrity of its process equipment while saving millions of dollars. You can't afford not to implement RBI!!
The RBMI implementation has enabled this refinery to improve the reliability, safety and integrity of its process equipment while saving millions of dollars.