Whole Life Cycle Asset Management within the Oil and Gas Industry
Tanks & Terminals, April 2021
Effective flow control plays a vital role within the oil and gas industry. Actuators and related flow control products can be found in all applications within upstream, midstream and downstream activities, including offshore production facilities, refining, processing and transportation through pipelines and vessels. These key assets are worth protecting. This article will explore why a holistic maintenance programme is important and should be considered as part of the entire life cycle of an asset in order to gain maximum value for oil and gas customers. An asset management system can play an essential role in the long-term reliability and viability of the products, to prevent unplanned downtime and to ensure the successful delivery and distribution of oil and gas.