Top Upstream Companies in Predictive Maintenance



Top Upstream Companies in Predictive Maintenance
GlobalData has identified the 'leading' upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

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.

To contact the author, email andreas.exarheas@rigzone.com



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES
Company: BP plc more info
Company: Exxon Mobil Corporation more info
Company: Equinor ASA more info
Company: Total S.A. more info
Company: ConocoPhillips more info
Company: Chevron Corporation more info
Company: Rosneft more info
Company: Repsol more info
Company: Royal Dutch Shell plc more info