As oil and gas assets approach the end of their productive life, operators face a critical challenge: how to maximize returns while ensuring safety, reliability, and compliance. Late-Life Asset Management (LLAM) is a strategic approach that focuses on optimizing performance, reducing operating costs, and extending asset life without compromising integrity.

This workshop provides a comprehensive understanding of LLAM principles, covering economic, technical, and operational strategies to unlock hidden value in mature assets. Participants will explore innovative solutions, including digital technologies, AI-driven predictive maintenance, and reliability optimization, to improve decision-making and enhance asset performance.

Through interactive discussions, case studies, and practical frameworks, attendees will gain insights into:

• Economic optimization for declining production assets.•Risk and integrity management for aging infrastructure.
• Decommissioning planning and regulatory compliance.
• Digital transformation and AI applications for late-life operations.
• Sustainability considerations in the context of energy transition.

This workshop is designed to equip professionals with actionable solutions to turn late-life challenges into opportunities for value creation, ensuring assets remain productive and profitable until end-of-life.

The Society of Petroleum Engineers (SPE) is a not-for-profit organisation dedicated to advancing the energy industry and empowering professionals.

Revenue from this event supports SPE initiatives that drive professional growth, foster community, and deliver innovative solutions. By attending, sponsoring, or exhibiting at an SPE event, you help fund impactful programmes such as JPT, certification, the Distinguished Lecturer Programme, and Energy4me®, our energy education initiative. Together, we are advancing careers, building connections, and shaping the future of energy.