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Improving Asset Integrity Through Predictive Maintenance

Traditional periodic inspections mean that assets typically only get checked on an as-and-when basis. Not only is this a costly process, it can also lead to undetected faults, unplanned equipment breakdowns, periods of downtime, and health and safety hazards.

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%

Benefits

  • Increased productivity

  • Reduced OPEX

  • Better health and safety

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