NEWS

<p style="text-align:center;margin-top:9px;margin-bottom:1em;padding:0px;border:0px;outline:0px;font-size:15px;vertical-align:baseline;line-height:1.5em;color:#5E5E5E;font-family:Arial, Helvetica, sans-serif;white-space:normal;background:#F9F9F9;"> <strong style="margin:0px;padding:0px;border:0px;outline:0px;vertical-align:baseline;background:transparent;"><img src="/membcentre/editor/attached/image/20180425/20180425094312_29335.jpg" alt="" /><br /> </strong> </p> <p style="margin-top:9px;margin-bottom:1em;padding:0px;border:0px;outline:0px;font-size:15px;vertical-align:baseline;line-height:1.5em;color:#5E5E5E;font-family:Arial, Helvetica, sans-serif;white-space:normal;background:#F9F9F9;"> SKF’s cloud-based analytics will help BP maximise the use of condition monitoring data to improve plant reliability<br /> SKF has signed a three-year, multi-million-pound contract with BP to supply condition monitoring services to its UK offshore assets.&nbsp;<br /> As well as collecting data from a range of rotating equipment – including fans, motors and generators – SKF will provide analytics, reports and recommendations to better inform BP’s decisions around efficient and effective use of equipment.&nbsp;<br /> Anecdotal evidence suggests just 1% of offshore operators use the vast volume of data they collect to aid their decision-making process.&nbsp;<br /> The contract is already capturing and documenting significant efficiency gains through close collaboration between the BP and SKF teams.&nbsp;<br /> Ian Peverill, Head of Service at SKF said: “Using accurate data to drive decision-making and avoid repeat issues is good for our clients and for the industry as a whole. Ultimately, this helps drive out waste and increases reliability.”&nbsp;<br /> “Recently, our technology was able to detect the underlying cause of bearing vibration and provide recommendations to prevent failure of a critical motor. Our data analytics software can even propose alternative solutions that would be longer-lasting and better suited to the conditions.”&nbsp;<br /> While the agreement between BP and SKF covers a defined equipment list, SKF can also supply ‘non-routine’ services to BP on demand – such as electric motor monitoring, or dynamic balancing of rotating equipment.&nbsp; </p>