Coupling Maintenance Strategies for Critical Equipment
Unplanned outages due to mechanical failures can cost millions of dollars of lost production time to Oil and Gas companies. While it’s difficult to quantify the cost of unplanned downtime, an outage of a single day may exceed ~$6.5M, for the average U.S. refinery. The shift from Reactive Maintenance (RM) to data driven Proactive Maintenance (PAM) strategies can not only reduce lost revenue from unplanned outages but reduce the overall costs associated with operating and maintaining plant equipment by 60%.