Predictive Maintenance employs preventive as well as method-based methods of maintenance to monitor the performance of assets. Predictive maintenance targets to spot issues quickly and prevent costly maintenance. With modern technologies such as IoT, companies can use the machine-learning software to pick signals on the health of equipment.
Predictive maintenance helps reduce maintenance costs while ensuring the process runs to its maximum capacity. Predictive maintenance relies upon computers to analyze historical data to forecast. Engineers could use software to sift through massive amounts of data and make informed choices about maintenance.
5. Dynamic Maintenance
A dynamic approach to maintenance should be the long-term goal in maintenance for oil drilling rigs. It’s a strategy that uses all of the above-mentioned approaches, both proactive and reactive. Dynamic maintenance optimizes operational maintenance expenses and the management of assets through incremental changes to maintenance plans. It’s not an commonly used strategy, but rather what oil companies are heading.
The gas and oil industry has seen a number of events which have led to instability. Recent price increases have seen oil prices rise with the promise of a return to profit. The vast majority of offshore oil rigs are least 40-years old. Most require regular maintenance.
Oil companies must be encouraged and enabled to offer offshore maintenance as a result of the recent spike in the price of oil. Maintaining the rig will help reduce time, life of humans, and even equipment breakdown. Companies that comply with ESG should make maintenance a regular and mandatory aspect of their work.
Oil companies need to shift away from reactive and conventional maintenance to preventive and proactive maintenance. The bottom line is that oil companies need to include all of the various methods of maintenance through dynamic maintenance. This is the ideal time to incorporate oil companies into the process.