Whether you are in downstream oil and gas refining or petrochemical processing, the cost of unexpected equipment failures can have a significant impact on productivity, safety and the bottom line. In fact, each hour of downtime typically costs between $10k and $250k. This can add up to the astonishing sum of $50 billion annually. Moreover, 42% of this is directly attributable to equipment failure.
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Whether you are in downstream oil and gas refining or petrochemical processing, the cost of unexpected equipment failures can have a significant impact on productivity, safety and the bottom line. In fact, each hour of downtime typically costs between $10k and $250k. This can add up to the astonishing sum of $50 billion annually. Moreover, 42% of this is directly attributable to equipment failure.
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