Intelligent insights avoid over-maintenance
Traditional maintenance regimes are time based, and generally conservative. Petrolytics forecasts equipment health, supporting asset owners to avoid maintenance-induced failures.
Prior to their use of Petrolytics, Sea water lift pump (SWLP) failure had been the single largest cause of production loss on our client’s floating production facility.
In 2019 Petrolytics generated insights relating to high temperatures on the SWLP Bearings. The system identified that the increased temperature correlated with a routine regreasing procedure.
Following further investigation, our client was able to change the type of grease being used, reduce the frequency of greasing, and manage the greasing activity better, mitigating SWLP failure and the resulting production losses.
Under normal operations a SWLP failure would have limited impact, but several associated failures on this asset meant it had been running without built in redundancy and therefore the risk to loss of production equated to a loss of 45% in production each day (6,857 BoE or $342,850)