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Optimizing offshore installations inventory through data-driven solutions

Axess Engineer

We have initiated data mining from 300,000 offshore lifting equipment inspections recorded through our web-based interface, *Equipᵀᴹ, and the results were surprising.


The information covered a span of more than three years with a total of 345 assets worldwide, ranging from fixed installations, mobile offshore units and FPSO vessels.

One of the key analyses derived from the study was how the vast amount of inspection data could be an effective tool in optimizing any offshore installations’ inventory. Read on to discover insights that will help you reap operational benefits from our historical inspection data.


Our data show that similar installations have huge differences in the amount of lifting equipment inventory, nevertheless, the in-depth analysis presented by affinity rigs could provide key knowledge that can predict future failure patterns.  By utilizing historical data associated with inspection, repair and maintenance records of similar rigs, we can strategically advise what type of equipment would yield the best result, how much quantity is needed, how often the equipment needs replacement, or which types of gear have the least number of faults.

Our improvement reports, systematically categorized into organization, technical and design, allow us to deliver higher precision analysis for future maintenance requirements of similar rigs.                        

Two offshore instalations comparison

Majority of the technical incidents we have gathered associated with lifting equipment are mechanical damage (38%) and corrosion (24%). Lifting equipment failure often results in costly down-time, and may cause disastrous impact in the rig’s operation on extreme cases.

By analyzing the similarities between incident reports in our database, we can optimize the time allotted for inspection and maintenance, allowing rig-owners to focus on the most important part of their operations. The information and evaluations provided in our report allow us to advise the most suitable equipment inventory that can yield maximum productivity on any offshore installation type.


In the upstream industry, it is very common for asset owners to hold too many items on their offshore assets, nevertheless, our data-driven solutions can optimize the costs associated with the purchase and subsequent maintenance of these equipment. E.g., assets with too much lifting equipment has a negative effect on the company’s annual inspection budget due to the excessive associated costs in maintaining, certifying and registering of potentially redundant equipment. Having an optimized procurement plan based on the information provided by Axess’ data mining, we can optimize our clients’ inventory, prevent expensive down-time and long lead times, allowing them to save time and costs in the long run.

Offshore rig equipment Inventory

Optimized equipment inventory plays a key role in ensuring the reliability and safety of newbuild offshore installations. Through our vast maintenance history on newbuilds, we have a competitive advantage in analyzing which maintenance activities are really needed, identify potential cause of failure and implement the lessons learned from the past. As a result of our experience and data capture, Axess are able to assist in creating the necessary maintenance schedules for various lifting equipment and machinery onboard such vessels, allowing a simplified and streamlined approach to tackling maintenance and inspection needs.


Overall, we strongly believe that the use of inspection data in optimizing lifting equipment inventory can significantly reduce costs and time related to purchase, inspection and maintenance. Our goal is to focus inspection and maintenance where it is truly needed to facilitate efficient, cost-effective, sustainable and safe operations.


Disclaimer: The Lifting equipment inspection data is gathered from our database to give an informative presentation and should not be taken out of context. The use of the data must be approved by Axess Group. Contact us for more information.

*Equipᵀᴹ is a web-based system that our clients use to keep and demonstrate control of their offshore lifting equipment. Click here for more information about the software.

Contact Information

Axess AS
Oscar Hanssens vei 5
6415 MOLDE
+47 982 43 600
Axess North Sea Ltd.
Units 6 & 19 Robert Leonard Centre
Howe Moss Drive, Kirkhill Industrial Estate, Dyce AB21 0GG, UK
(duty): +44(0) 7912212854
St. John's
Axess Baffin Inc.
702 Water Street, Suite 201
St. John's, Newfoundland
+1 709 758 7937
Axess AS
Kokstadflaten 35
5257 Bergen
(duty): +47 976 88 578
Axess North America Inc
15915 Katy Freeway, Suite 501
77094 Houston, TX
+1 (281) 994-0367
Ciudad del Carmen
Axess Operations De Mexico S de RL de CV
Calle Bosque de Ciruelos 180 PP 101
Colonia Bosque De Las Lomas CP 11700 Cuidad De Mexico
+52 938-152-7688
Axess AS
Koppholen 25, 4313 Sandnes
Stavanger, Norway
(duty): +47 982 43 600
Rio de Janeiro
Axess do Brasil Ltda
Rua Dezenove de Fevereiro
171 - Botafogo
CEP 22280-030 Rio de Janeiro
+55 (21) 4108-0532
Axess Petrorig Ghana Limited
3rd floor, The Pelican
8 Blohum Street, Dzorwulu, Accra, Ghana
+233 (0) 30 397 0548
Axess Luanda
Rainha Ginga
27 Luanda, Angola
+27 82 202 5266
Cape Town
Axess Africa Ltd.
1 Nares Street
7925 Cape Town
+27 82 202 5266
Axess AS
Nedre Bakklandet 58C
7014 Trondheim
(duty): +47 982 43 600
Axess AS
Grønøraveien 1
7300 Orkanger
(duty): +47 41 78 06 30
Axess AS
Filipstad Brygge 1, 3rd Floor
0252 Oslo, Norway
(duty): +47 982 43 600
Axess Offshore Korea LLC
#103 (Aju-dong Hyunjin Evervil) B1 Yang 1-gil, Geoji-Si
Gyeongsangnam-do, South Korea
+82 10 2696 2016
Axess Offshore (Mumbai)
B2-306, 3rd Floor
Kanakia Boomerang,
Chandivali Firm Road
Andheri East, Mumbai- 400072, India
Axess Offshore Pte Ltd
Nordic European Centre #05-31 South Wing
3 International Business Park
609927 Singapore
+65 6908 4174
Axess Offshore Australia Pty Ltd
304 Newcastle St
Perth WA 6000
+61 4 3373 0739
Axess Offshore Australia Pty Ltd
140 St Georges Terrace L28,
Perth WA 6000
+61 4 3373 0739
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