Due to price wars and then COVID-19, in April 2020 oil prices went into negative territory for the first time in history. In early May 2020, there are signs of a slow rebound, but with oil prices perhaps more volatile than ever before, it becomes imperative for those in oil and gas to protect their assets. Pipe protection can be an instrumental part of asset protection.
The Role of Pipe Protection Products
Many companies look at protection products as just another cost to incur for their business so they put off investing. While pipe protection is an investment itself, it is one that is going to benefit your business in the long term. This is especially true when you are working in uncertain times and want to prevent as many unexpected expenses as possible.
Pipe protection. When protection products are properly implemented, you are taking action to safeguard against unintentional damage or wear to the pipe. By utilizing the products, you may also extend the life of the pipe.
Protection can be multifaceted to include thread protectors, storage, stabbing guides, lifting bails, pipe chocks, and bumper rings. Each of these elements works to protect pipes when being used, stored, transported, or moved. Unintentional damage to the pipe can delay a whole job while you await the delivery of new pipe or can even shut it down for good. Doing what you can to protect your pipe will help to reduce unexpected costs going forward.
People protection. Protecting your assets refers to people along with your equipment. Lifting bails, pipe chocks, and storage systems will help to protect the people working for you. When someone gets injured on a job it can cause the job site to be delayed or shut down, costing you both time and money.
Organization. Poor organization can cause pipe damage. With proper pipe protection use, pipe can be kept in an orderly fashion that will protect it while not in use.
Continued Support in Uncertain Times
MSI Pipe Protection Technologies aims to continue to provide you with the best assortment of quality pipe protection in the industry as well as timely industry updates, even in uncertain times. Please contact us today for all of our pipe protection needs or request free samples to see exactly what we can do for you.
