
Maximizing Oilfield Equipment Reliability
High reliability is expected of mature products with track records (low hazard rate). But new products with little or no track record (hazard rate = ?) are commercialized every day in the upstream industry. The technical objectives for new equipment always consist of performance targets, but should also include designing to maximize reliability. So, how does an OEM achieve this? The answer involves culture, capabilities, and best practices. [Read more…]