Halliburton Energy Services, Inc.

Meng Zhang

Fahad Ahmad

Daili Zhang

Yanyan Wu

Chao Yang

Bo Liang

The value for equipment to be replaced can be maximized by determining a threshold cutoff value for a failure prediction indicator and a window size for obtaining the threshold cutoff value for a piece of oil or gas drilling or recovery equipment; applying the threshold cutoff value and the window size to an equipment failure prediction model; and deriving a recall value and an average hour-loss value from the equipment failure prediction model. Predictive maintenance for the piece of oil or gas drilling or recovery equipment may be performed based on the recall value and the average hour-loss value to perform predictive maintenance for a piece of equipment in an oil or gas recovery operation.

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Sugar Land, TX, United States of America

Meng Zhang