Optimized Pipeline Solutions, Inc.                             
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Due-Diligence


The OPS team has conducted numerous due-diligence projects with outstanding results. We all like to get what we pay for and we want no unpleasant surprises. If your goal is to confirm your assumptions about the asset, adjust purchase price to account for defects or just to prepare to operate....OPS can provide you with the necessary information. Our due-diligence program includes:

•   Visually inspect facilities for apparent defects such as washouts, road and waterway crossings problems, pipeline coatings, and general maintenance procedure results.

•   Review leak reports for excessive leak history.

•   Review repair orders for quality and methods of repairs.

•   Review Ultrasonic thickness records for operating pressure calculation.

•   Review Cathodic system records for adequacy of cathodic protection.

•   Review corrosion reports and calculate remaining strength of pipeline.

•   Determine jurisdictional status of the assets and confirm that appropriate O&M procedures and records are in place.

•   Review regulatory records to confirm compliance with appropriate regulations.

•   Evaluate construction methods/materials and confirm Maximum Allowable Working Pressure.

•   For State Utility assets, evaluate tariffs for completeness and confirm tariffs adhere to company contract.

•   For common carrier assets, evaluate elements of the tariff and their application to all shippers. Verify reasonableness of rate.

•   Coordinate Right of Way records review if desired.

•   Identify and value environmental concerns to the extent that scientific testing is not required. Coordinating with environmental companies can be provided.

•   Prepare a comprehensive written report to include items of concern and approximate cost and time required to remedy.


mailto:customerline@ops-services.com