The Competitive environment in Oil & Gas motivates drilling operations to continuously
focus on increasing safety and cost effectiveness. To ensure this, optimal reliability and appropriate
maintenance of rig equipment is a must. Optimized maintenance plays a key role in balancing the
maintenance parameters (legislative, economic and technical) and the available resources to carry
out the maintenance programme. Effective implementation of maintenance optimization leads to
improved system availability, reduces overall maintenance cost, further improves equipment
reliability and elevates system safety.