Importance of periodic maintenance in the oil and gas industry

Posted on Feb 17, 2024 at 11:02 PM

The importance of maintenance in the oil and gas industry is highlighted by the high value of equipment and machinery compared to other sectors.

In particular, whatever the nature, status, location, and size of a company's work, periodic maintenance is necessary to sustain, grow, maintain the efficiency and success of the company and continue to earn money in the future.

However, most investors prefer to refrain from pumping their money into periodic maintenance, regardless of their significant future benefits. If you are one of these, here are some reasons you are convinced of the importance of applying periodic maintenance measures in the oil and gas industry, and you can do them sparingly.

Why is periodic maintenance necessary in the oil and gas industry?

Preservation and safety of equipment are essential in all industries, but it is more important in the gas and oil industry due to a range of points, the most important of which are:

• On-site employee protection:

Despite the different sizes of companies and the number of employees employed, those who bring the company to what it is now do the hard work and try to develop its work daily.

Therefore, it is incumbent on the employer to keep their public safety away from harm, especially in industries such as this inherently risky industry, by investing the time, money, and energy needed to maintain equipment and production lines optimally.

Where old or damaged machines and equipment cause millions of accidents worldwide annually, most of these accidents result in brutal deaths and injuries, damaging the company's reputation and destroying the Working Group's morale and its dangerous environmental impacts.

However, by maintaining the safety of equipment and devices regularly by conducting periodic checks, maintenance, and repairs, the foundations for any future occupational safety plans and methods can be laid, which will prevent such accidents. Therefore, no employees working at the workplace will be harmed.

• Prolong the lifespan of equipment and avoid significant problems:

Many companies think it's right to spend a lot of money to buy newer equipment of great value to ensure that it works forever without any issues, but that's not the case.

A company can use another much less expensive but periodically maintained device, lasting much longer than that expensive, neglected equipment. Through periodic maintenance, the operating life of equipment and devices can be prolonged safely and adequately.

On the other hand, the error is contained in one way or another. It can happen at any moment and in any piece, so it is necessary to prepare to address the problem and maintain breakdowns at any time because that is the only thing that works to reduce or stop further damage in the future.

As the crude oil and natural gas industry depends on associating dozens of mechanical systems with each other and affecting each other's work, all equipment must be monitored permanently and closely to keep them functioning correctly. This significantly impacts the average lifespan of larger and more complex equipment and prevents its breakdown or erosion, Which will cost the company's budget enormous numbers if it happens.

In this case, periodic maintenance helps avoid complex problems that are difficult to resolve, which will make a big difference to the company's future.

• Improve the company's efficiency.

Improving the company's efficiency is the optimal way to raise its profile and enhance its success. It is still being determined, but it is possible; applying some minor points can prevent significant problems to achieve this.

Mainly, the implementation of regular maintenance work, attention to equipment, and replacement of damaged parts, of course, reflects on the efficiency of the operation of the refinery for oil and gas, thereby improving the work of the company as a whole so that it can be noted that the company has become more successful than before. 

• Benefit from warranty coverage:

Despite all past advantages, maintenance requires a lot of money and time. Corporate owners are hesitant to replace old pieces with new ones for fear of the vast funds that will be paid to secure them, which are reflected heavily in the company's budget and become necessary when the equipment is worn and its efficiency is lost.

But it doesn't cost all of this, as most of the new industrial equipment comes with warranty coverage that supports the costs of maintenance or replacement in the event of any serious problem or failure during the warranty period, which takes much of the pressure off the company, which means that petroleum companies get corresponding value for their invested money.

• Increased profit margin:

Ultimately, pooling all previous reasons for higher job satisfaction and fewer lost working hours, increasing equipment utilisation rates, expanding the company's operational efficiency, and reducing waste due to breakdowns will have tangible financial implications directly or indirectly for the company.

Therefore, periodic and correct maintenance and repairs can significantly increase the company's profit margin; considering the competitive atmosphere in the labour market, not all of these benefits should be easily ignored.

In conclusion, the previous points will be sufficient to give an overview of the importance of periodic maintenance and regular repair to ensure the proper operation of oil and gas installations since the petroleum sector relies heavily on integrating different mechanical systems to complete the work.

In this regard, the London Premier Training Centre is honoured to offer maintenance courses in oil and gas in London; you can see its most essential axes and register now for more maintenance solutions and information.