Simple analytics for safety and cost reduction
Management around the world is about to realize that digital twins in combination with sensor data can be used to reduce unplanned corrective maintenance by the execution of preventive maintenance before failures occur. Technology for maintenance optimization has been used with success for systems that are easy to maintain. Technology maturing is required before it can be fully implemented for oil and gas wells and subsea structures. How can well and subsea engineers perform safety and cost analyses in the meantime?