TÜV SÜD National Engineering Laboratory has launched a data analytics service to help oil and gas operators minimise flow meter downtime and maintenance, significantly lowering operating costs.
The total cost of calibrating an offshore flow meter is estimated to be in the region of US$50,000 or more, once all costs incurred are accounted for. Traditionally, irrespective of whether a flow meter is deviating from its required operating parameters it will be routinely scheduled for recalibration and operations stopped unnecessarily.
The new service will enable operators to move away from this time-based calibration approach to condition-based calibration, by using statistical modelling techniques to predict meter performance based on live and historical data. In addition, diagnostics information can be used to understand what may be negatively impacting a meter by analysing hidden patterns to identify specific fault conditions. Read more…
The post TÜV SÜD launches new oil and gas data analytics service appeared first on OGUK.