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Growth Opportunities for NDT Inspection Services in Oil & Gas

NDT Inspection Services in Oil and Gas

Published on : Jun-2022


Non-Destruction Technique (NDT) is an arrangement of methods used to assess component and materials without destroying or changing their usefulness. NDT techniques help to inspect pipework, processing equipment, pipelines carrying fuel without interrupting operations, also, it checks pipes for corrosion, identifies invisible flaws, measure wall thickness, and detect weakness in welding. The oil and gas industry has a strict responsibility to maintain the reliability and standards of their equipment due to a history of fatal accidents. Several safety procedures, norms, and techniques have been developed to ensure the safety of workers from any accident or harm. Government regulations, environmental protection, safety, and constant demand imposes strict responsibility on the industry to maintain the integrity of the equipment thereby, forming stringent rules and regulations.

Could fatal accidents be prevented through NDT and Inspection services?

NDT is used as a Quality Assurance tool to reassure the integrity and safety of equipment used in the oil and gas industry useful in oil refineries, platforms, pipelines etc. Equipment or materials that fail to pass the NDT tests are prone to accidents and fatalities. NDT assures a safer environment for workers as well. A drop of 16% in fatal incidents rate was reported in the year 2018, whereas, a rise of 3% in fatal incidents rate was observed in 2017.

Source: International Association of Oil and Gas Producers

 

How oil spills can be prevented using NDT and inspection services?

Regular testing of the tank and associated pipework is essential when storing fuel to check its reliability and safety. Costly spills and leakages might occur if the tank is not monitored which will have an adverse impact on the environment. With time, fuel degrades in quality and incurs undetectable flaws leading to cracks and corrosion in tanks increasing the risk of a tank failure. NDT minimizes downtime and ensures maximum productivity of tanks, assures that the fuel tank is in sound condition and provides trend information on deterioration which is helpful in making predictions.

Growth prospects of NDT and inspection services in oil and gas industry

Fatpos Global predicts that the NDT and inspection services in the Oil and Gas industry are anticipated to register a significant CAGR in the coming decade. Looking at the current business scenario and the prospects out of such circumstances, the stringent policies and regulations by the government and governing bodies for the oil and gas industry to maintain a safe working environment ensuring the protection of workers, also, ensuring the integrity of the equipment to prevent from any risk of damage and environmental issues. Primarily anticipated to be adopted by major key players, the strategies for NDT and inspection services to examine the reliability of equipment would be a major backbone to drive sustainable growth. Looking at the current circumstances, the accidental situations like pipeline leaks, oil spills, and fatalities due to the accident will proliferate the growth opportunities for NDT and inspection services in the OIL and Gas industry.

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