Monaco Engineering Solutions provides subsea reliability engineering services. The document discusses key challenges in ensuring subsea system reliability, including uncertainties in failure rates. It outlines Monaco's reliability strategy approach based on API RP 17N, which involves defining goals and requirements, conducting reliability activities like FMECA and FTA, developing a RAM model to analyze production availability, and creating a Reliability Assurance Document to demonstrate reliability targets have been met. The strategy is an iterative process to continuously improve reliability.