August 16, 2025

Obsolescence Management of Rotating Equipment in the Oil and Gas Industry: A Strategic Approach to Minimizing Loss and Downtime

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Proactive obsolescence management reduces operational risks, improving reliability and lowering costs significantly.
The study indicates that using a Multi-Criteria Decision Matrix can systematically assess the obsolescence risk of rotating equipment.
Analysis shows that traditional reactive maintenance leads to increased downtime and higher long-term costs, emphasizing the need for a strategic approach.
Findings from a case study in Nigeria highlight effective prioritization and resource allocation, advocating for informed maintenance practices.

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Implication

This analysis demonstrates that proactive maintenance improves equipment reliability in oil and gas, suggesting reduced operational costs and environmental impacts.

Cite This Study

Kolo et al. (2025) studied this question.

synapsesocial.com/papers/68c23626b210217d64773457 https://doi.org/10.2118/228668-ms

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Implication

This analysis demonstrates that proactive maintenance improves equipment reliability in oil and gas, suggesting reduced operational costs and environmental impacts.

Obsolescence Management of Rotating Equipment in the Oil and Gas Industry: A Strategic Approach to Minimizing Loss and Downtime

Key Points

Discussion

Implication

Cite This Study

Obsolescence Management of Rotating Equipment in the Oil and Gas Industry: A Strategic Approach to Minimizing Loss and Downtime

Key Points

Discussion

Implication

Cite This Study

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