Abstract:
A system for oilfield equipment asset utilization improvement includes a number of units of oilfield equipment, the units of oilfield equipment having a common equipment type. The system further includes a controller having an equipment confidence module that interprets a condition value corresponding to each of the units of oilfield equipment, a job requirement module that interprets a performance requirement for an oil field procedure, and an equipment planning module that selects a set of units from the number of units of oilfield equipment in response to the performance requirement for the oilfield procedure and the condition value corresponding to each of the units of oilfield equipment. The equipment planning module selects the set of units such that a procedure success confidence value exceeds a completion assurance threshold.