DATA-GATHERING SYSTEM TO OPTIMIZE PRODUCTION OPERATIONS: A 14-YEAR OVERVIEW.

This paper gives an overview of failure rates, failure costs, failure-control costs, and methods used to reduce in-hole equipment failure. The authors show that the system has documented major improvements in the control of equipment failures. The improvements are the result of extensive personnel training, improved corrosion inhibition, extensive use of new and improved equipment and techniques, and cooperation between concerned personnel. The greatest benefit has come, however, from the increased awareness of operating personnel concerning the magnitude of the problems they face and the progress they have made toward solving them.