Optimizing Equipment Maintenance and Replacement Decisions

An Intensive 3-day Training Course

Optimizing Equipment Maintenance
and Replacement Decisions

Fitness for Service Analysis Approach

Optimizing Equipment Maintenance and Replacement Decisions

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We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department (info@petroknowledge.com)

Why Choose this Training Course?

Major world companies in process and petrochemical industry have developed their maintenance practices based on the optimisation of predictive maintenance management system. This approach works well for both stationary and rotating equipment and includes continuous condition monitoring and the detailed inspection of vital elements of the equipment. The optimisation of the maintenance activities includes the spare parts handling, the selection of the right size and skill of maintenance crew with consideration of potential outsourcing i.e. subcontracting. Based on the collected data on reliability of the equipment in operation, Maintenance department can complete the Fitness for Service analysis based on which the decision can be made about 3Rs: Run, Repair or Replace, for the particular component of the equipment. Final decision regarding equipment replacement depends very much on the economic and safety aspect that must be taken into consideration.

This intensive 3-day on-line course is intended to introduce the participant to the process of making decisions regarding equipment maintenance optimisation including equipment repair and replacement. Various optimisation techniques will be presented and the optimisation criteria explained in detail. The course will include several practical examples and workshop exercises to emphasize the key learning points.

What are the Goals?

At the end of this PetroKnowledge online Oil & Gas training course, you will learn how to:

  • Identify equipment failures, and the impact on plant reliability
  • Understand the cost-effectiveness of Preventive / Predictive Maintenance
  • Apply techniques of evaluation of various maintenance activities
  • Define criteria for work-crew size, spare parts and equipment replacement
  • Make the important decision on the basis of the cost-benefit analysis
  • Incorporate safety objectives to the equipment repair or replacement optimisation

Who is this Training Course for?

This online training course is suitable to a wide range of professionals but will greatly benefit:

  • Technical professionals in Operation, Production
  • Technicians and engineers responsible for maintenance and repair of equipment
  • Professionals involved in inspection and reliability
  • Technical Professionals dealing with risk assessment and integrity analysis

How will this Training Course be Presented?

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location.

Daily Agenda

  • Maintenance Management: Preventive / Predictive Approach
  • Material Degradation and Failure Mechanisms
  • Failure Modes & Effect Analysis (FMEA)
  • Reliability and Availability Concept: MTBF & MTTR
  • Management of Change: In-Kind Spare Parts
  • Spare Parts Provisioning: Prediction Models and Techniques
  • Risk Based Inspection (RBI), Condition Monitoring and Reliability
  • Fitness for Service Analysis (FFS)
  • Management of Maintenance Resources: Use of CMMS
  • Equipment Repair or Replacement Decision


  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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