I believe this will greatly enhance our reliability capabilities and this also can be very valuable to PTC as a great marketing tool for the oil and gas industry.
Information on the Offshore Reliability Data project:
OREDA® is a project organisation sponsored by eight oil and gas companies with worldwide operations. OREDA's main purpose is to collect and exchange reliability data among the participating companies and act as The Forum for co-ordination and management of reliability data collection within the oil and gas industry. OREDA has established a comprehensive databank with reliability and maintenance data for exploration and production equipment from a wide variety of geographic areas, installations, equipment types and operating conditions. Offshore subsea and topside equipment are primarily covered, but onshore equipment is also included. The OREDA® data are stored in a database, and specialised OREDA® software has been developed to collect, retrieve and analyse the information.