Reliability Impact in the Midstream Industry
The average pipeline maintenance and repair costs are $25.5MM per year, while CAPEX on LNG facilities is expected to increase by 50% from 2017 – 2021. As midstream infrastructure continues to age, reliability is crucial for facilities to prioritize. Despite the increasing importance, facilities are struggling to make strategic reliability decisions for their systems.
How can midstream facilities pivot their systems so they can make more strategic reliability decisions? By integrating a near real-time reliability simulation of their entire supply chain through a data-driven approach to reliability.