Germanischer Lloyd acquires International Refinery Services

Singapore-based “International Refinery Services Pte Ltd” (IRS) is the latest addition to Germanischer Lloyd (GL). With the acquisition of the asset management expert company, the GL Group expands its service portfolio for the petroleum, oil and gas industry yet again.

“With IRS, the GL Group adds substantial expertise in risk management and capacity of advanced inspection techniques,” said Pekka Paasivaara, Member of the Executive Board Germanischer Lloyd at the press conference in Singapore. Previous acquisitions in Great Britain, Canada, the U.S. and Malaysia over the past 18 months have strengthened the technical portfolio of the GL Group considerably. With its latest acquisition, GL will be able to provide extended services specifically to the oil and gas industry in the Asia-Pacific region.

Germanischer Lloyd offers engineering consultancy, technical assurance, asset management, risk and safety consultancy, industrial inspections and software solutions to the oil & gas industry. The holistic service offering is directed at owners and operators of complex plants and installations. Complemented by the British Advantica Group, Canadian and U.S. PV Inspection, Kuala Lumpur-based Trident Consultants and U.S.-based Material Consulting Services, the GL Group’s range of oil and gas services extends across the asset life cycle. With the additional expertise of IRS, Germanischer Lloyd will now be able to further extend its network and service portfolio especially in Australia, Singapore, the Philippines and the Asia-Pacific region.

About IRS
Since its inception in 1992, IRS has contributed to the safety, reliability and environmental performance of onshore and offshore installations, pipelines, terminals, refineries and all types of chemical plant throughout South East Asia and the Middle East. The risk engineering and inspection management company assists operators to manage plants more efficiently through both online and offline-based inspections. 80 engineers with both field and analytic expertise are active for customers throughout South East Asia as well as the Middle East, and China. IRS operates offices in Singapore (Head Office), Australia, Malaysia, Brunei, Pakistan, Philippines.

With their risk engineering expertise, IRS offers structural and earthquake engineering, evaluation of structural deterioration, offshore jacket design and inspection plans, design of underwater structural repairs, LNG storage and terminal design assessments as well as finite element analysis of complex structural configurations. Advanced inspection techniques offered by IRS utilize state-of-the-art technology to evaluate pressure vessels, storage tanks, piping and heat exchangers for their continued mechanical integrity. This includes longrange ultrasonic pipeline evaluations, acoustic emission testing, magnetic flux scanning and other special ultrasonic thickness measurement methodologies.

IRS’ Total Asset Integrity Management Services (TAIMS) incorporate all the elements of a process safety management system like Occupational Safety and Health Standards (OSHA 1910.119) with the risk based techniques and advanced inspection technologies necessary to achieve the continued operational and mechanical integrity of the asset. Their risk management tools include various management processes and tools such as HAZOPS, QRA, RBI that are necessary to identify, evaluate and monitor risks associated with the asset.