In the fast-paced environment of energy projects and with complex systems to monitor 24/7, it may seem that there is no space for forward-thinking activities, that the focus should be on what’s happening right this minute. Companies tend to look for cost-cutting solutions which provide visible results right now, e.g. by reducing the maintenance shutdown time by postponing some activities to the next allocated shutdown. However, this then can result in costly failure and more downtime required for repairs. The industry has to start looking for long-term cost-savings strategies and improved return of investment from equipment purchased. In this week’s blog, we explore the advantages of preventive maintenance and the tangible results and cost-savings which result.
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