Predictive Maintenance in Oil & Gas - Thematic Research

Predictive maintenance tools evaluate the condition of operational equipment and predict its maintenance requirements in order to achieve optimum performance and prevent malfunction. It utilizes automated condition monitoring and advanced data analytics to gather vital equipment statistics – such as vibration, temperature, sound, and electric current – and compare them with historical records of similar equipment to detect signs of deterioration. Predictive maintenance is a fairly mature concept and has been widely deployed in the oil and gas industry over the last twenty years. The increasingly volatile oil price environment is giving an added lift to the adoption of predictive maintenance technologies to help companies cut back on operational expenditure by optimizing maintenance scheduling and driving productivity. Recent advancements in cloud-based data analytics and the rise of the digital twin in oil and gas operations are extending the boundaries of predictive maintenance technologies, making it a reliable tool for monitoring asset integrity.

Scope

The report analyses the impact of predictive maintenance as a theme on the oil & gas industry.

- Overview of predictive maintenance theme in the oil and gas industry.

- Detailed analysis of the role of predictive maintenance across the oil and gas value chain.

- Evolution of maintenance approaches in the industrial context.

- A brief overview of the complexities involved in designing a predictive maintenance system is also covered in this study.

Reasons to buy

Understand the importance of predictive maintenance in the oil and gas industry against the backdrop of aging infrastructure and volatile crude pricing.

Identify the key trends in predictive maintenance theme.

Evaluation of geographically diverse use cases in which oil and gas companies have deployed predictive maintenance technologies to prevent unplanned breakdowns across the upstream, midstream and downstream segments.

Understand the predictive maintenance value chain along with the leaders and challengers at each stage of the value chain.

Benchmark the key oil and gas companies in the predictive maintenance theme.

Table of Contents

PLAYERS 3

TRENDS 4

Oil & gas sector trends 4

Technology trends 5

Macroeconomic trends 7

INDUSTRY ANALYSIS 8

Evolution of maintenance approaches – from ...

PLAYERS 3

TRENDS 4

Oil & gas sector trends 4

Technology trends 5

Macroeconomic trends 7

INDUSTRY ANALYSIS 8

Evolution of maintenance approaches – from reactive to proactive 8

Designing a predictive maintenance system 9

Importance of predictive maintenance programs for aging infrastructure 9

Predictive maintenance in North America 10

Predictive maintenance in the North Sea Oilfields 11

Predictive maintenance in other regions 11

VALUE CHAIN 13

Device layer 14

Service layer 16

Data Layer 17

COMPANIES 19

Oil and gas producers 19

Oilfield service providers 21

TECHNOLOGY BRIEFING 22

Predictive maintenance technologies 22

APPENDIX: OUR THEMATIC RESEARCH METHODOLOGY 24

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