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Enhancing Equipment Reliability Inspections

Many challenges the oil and gas industry faces, from volatile economic climates to health and safety standards, can be overcome with technologies that improve equipment reliability.

Instead of relying on outdated manual inspections, companies must harness the power of data to improve asset integrity, enhance operating efficiencies, and limit equipment downtime.

Key fact: Leveraging data can increase productivity by 30%

AI-powered analytics, fleet management software, and even digital twin technology give deeper insights into the performance of assets and equipment, using advanced data processing capabilities to provide real-time analytics.

Ensuring equipment reliability also improves health and safety standards. Sensor data can detect early-stage faults, allowing operators to act proactively while replacing the need for manual inspections.

Technological solutions also optimise offshore monitoring, using sensors to continuously monitor dangerous offshore installations. This allows operators to assess the health and efficiency of equipment remotely, and easily identify areas of low reliability.

As a result of mitigating hazards and expensive repairs, investing in equipment reliability improves site performance, boosts productivity, and reduces operating costs.

Key fact: Embracing cognitive computing and big data can lead to engineering savings of up to 70%

Benefits

  • Maximises production

  • Lowers OPEX

  • Enhances worker safety

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A bronze award in the 'Startup of the Year: Business Services' category