To ensure asset integrity, the oil and gas industry is starting to embrace predictive maintenance and condition monitoring methods.
These detect equipment faults in real-time, shifting the focus from reactive maintenance to preventive maintenance, ensuring the highest levels of operational efficiency.
Key fact: Just 3.65 days of unplanned downtime a year can cost an oil and gas company over $5 million
By maximising asset integrity, predictive maintenance simultaneously minimises unplanned downtime and improves asset productivity.
Ongoing condition monitoring is also an essential part of health and safety standards. By continuously checking the performance of equipment, workers are removed from potentially high-risk scenarios that could otherwise prove fatal.
Predictive maintenance replaces the need to conduct calendar-based maintenance inspections. This not only cuts operational expenses, it also allows mine operators to dedicate more time to other important activities.
Key fact: Predictive maintenance can reduce equipment costs by 40% and downtime by 50%
Better health and safety
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