ABSTRACT

The design of a subsea production system needs to ensure high reliability and safety figures since these assets will be deployed in harsh environments for extended periods of time. Maintenance costs associated with these systems represent a significant percentage of the total operational expenditure incurred by an Oil & Gas operator. Traditional reactive maintenance approaches applied on subsea equipment are starting to drop in their efficiency as degradation occurs on such systems resulting in prolonged downtime periods. Prognostics and Health Management is a relatively new topic and other industry sectors have demonstrated that it can provide a solution for reducing maintenance costs and improving systems’ overall availability. This paper presents a prognostic and health management development process suitable for subsea production systems.