Valve selection and maintenance in times of low oil prices: a balancing act

摘要

In times of low oil prices, oil and gas companies tend to react very quickly by cutting costs on various levels. This is also the case with valves. Valve selection will in many cases be like a balancing act on a high wire where the auxiliary equipment will be the safety net and the safety line. Without them the result may be fatal for the valve. What happens when oil and gas prices drop? At first glance, the answer is simple. If the turnover of oil and gas companies drops, they will cut back on expenses: investments, maintenance or salaries. In short, they need to save money in every area. This can result in the outsourcing of services, cutting down on manpower and maintenance and achieving a stronger price control as far as procurement is concerned.