Advantages of Buying New Oilfield Parts, Tools & Equipment in the Oil and Gas Industry

In the world of Oil and Gas, it is very difficult to keep up with the pace, because it is one of the most competitive industries in the world, with a total value of over $2 trillion. There is a growing concern for staying sustainable as well. With more companies adopting the ‘going green’ principles. Luckily, the Oil and Gas industry is able to overcome these challenges using the latest innovations in oilfield machinery and tools engineering. The essential machines in this industry are becoming more efficient, and safer, and allow for an overall sustainable workflow. The value of O&G companies continues to grow simply because new and improved parts and machines are able to provide a maximal return on investment. In addition to that, a typical drilling rig has become a much safer working environment, because new parts are more resistant to corrosion and wear and tear. Here is a closer look at the massive advantages of using new oilfield equipment and parts. 

Achieving More with Less

The main driver of success in the O&G industry is the maintenance of steady productivity levels. However, productivity itself is founded on other well-functioning principles. Namely, the most prominent factor for maintaining good productivity is the optimal working condition of essential industrial equipment such as storage tanks, heat exchangers, drills, and evaporators. If one of these machines experiences failure the entire workflow will drastically suffer. That is why it is necessary to keep the equipment working flawlessly. Another big reason for concern is not just poor overall technical performance, but also a higher safety risk for the workers. When a machine gives an unreliable performance, this can cause everyone to feel nervous and worried. The increased stress engenders a vicious cycle, where workers lose focus and are more likely to get hurt and be less productive. However, new parts ensure that all the machinery is working optimally and risk-free. 

Improved Sustainability

This industry has gone through several challenges regarding sustainably. Not too long ago, it was consistently facing massive pressure and dissatisfaction from the public and the competing industries. That is why new parts and equipment are designed in order to overcome energy inefficiencies, cause less pollution and enable more sustainable functioning. 

Cost Reduction

Producing gas and extracting oil is resource-intensive and a very expensive process. That is why every step has to be precisely measured and organized. In order to ensure that things will run smoothly it is crucially important to have reliable equipment that will allow you to do that. There is simply no alternative way around this issue. The problem can become even worse when additional costs rack up, simply because machines undergo technical failure and break down; the production stops, the damaged equipment causes other parts and machines to suffer consequences and people end up getting hurt. Most workers in O&G companies spend over 70% of their time simply reacting to malfunctions and hiccups. This is a recipe for a disaster. That is why incredible industry innovations have changed the way things work. Latest dissolvable frac plugs aid drilling operations by allowing a much faster mill-out process. Not only does this make the job much cleaner for the operators but also much safer, which ultimately prevents any additional costs further down the line. 

Higher Safety Standards

If there is one thing that many employees dread about their day-to-day work in this highly volatile and dynamic industry, it is that sudden fires and other dangerous hazards are all too common. This is what happens if companies neglect the maintenance of their equipment. Weakened materials, corroded parts, and worn-out machines can cause energy leaks, inconsistent performance, and most of all massive on-site hazards. When new high-quality parts are used this risk is drastically reduced and there is very little that can go wrong. Your employees will feel much more confident and satisfied, which will allow them to become more productive as well. 

Better Warranty Options

With the newest oilfield parts on the market, you can expect to get a very good warranty. This is because these new parts and pieces of equipment are built with durability and sustainability in mind, therefore it is very unlikely that you will actually need these repairs or replacements. However, in order to meet the warranty requirements, make sure to perform regular maintenance check-ups. 

The oil and gas industry has been facing a lot of challenges regarding productivity and sustainability. However, the latest improvements in the production and design of oilfield parts and equipment have led to a massive increase in performance quality along with other benefits such as improved resource efficiency, more sustainability, significant cost reduction, better overall safety, and better warranty options.