Top Upstream Companies in Predictive Maintenance

As part of its latest report, GlobalData has identified the “leading” upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

The list is comprised of the following oil and gas businesses:

• Royal Dutch Shell
• ExxonMobil
• BP
• Chevron
• Rosneft
• Equinor
• Repsol
• Total
• ConocoPhillips

GlobalData noted that Shell has been “at the forefront” of adopting predictive maintenance technologies to enhance equipment reliability and extend the overall operational life of its assets.

ExxonMobil uses predictive maintenance to evaluate its diverse portfolio of upstream, midstream and downstream assets and BP has deployed predictive maintenance technologies at its upstream operations, according to GlobalData.

The data and analytics company said Chevron has adopted a cloud-based data analytics approach for predictive equipment failure in its refinery operations and outlined that artificial intelligence-driven predictive maintenance has become a “mainstay” of Total’s global operations.

Predictive maintenance is a “fairly mature” concept and has been “widely deployed” in the oil and gas industry over the last twenty years, according to GlobalData. The data and analytics company added, however, that the “increasingly volatile” oil price environment is giving an “added lift” to the adoption of predictive maintenance technologies.

Predictive maintenance tools evaluate the condition of operational equipment and predict its maintenance requirements in order to achieve optimum performance and prevent malfunction, GlobalData highlighted.

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