Government Energy Policy, Business and Technology

Survey: Inspection, maintenance spending insufficient for oil, gas equipment

Oil & Gas Journal: Nearly half, about 46%, of the 813 senior oil and gas professionals who participated in a recent survey said they believe there has not been enough investment in inspection and maintenance of infrastructure and equipment in recent years, Oslo-based DNV GL reported on May 1.

Slightly more than a quarter, 28%, said they expect to increase safety expenditures in 2018, while 61% said they would maintain current budgets, and 5% said they planned to cut investments, DNV GL said.

It said the report also affirmed expectations for digital technologies to bridge the gap between long-term cost efficiency and enhanced safety in projects and operations.

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