What is "oreda"

The Offshore and Onshore Reliability Data (OREDA) project was established in 1981 in cooperation with the Norwegian Petroleum Directorate (now Petroleum Safety Authority Norway). It is "one of the main reliability data sources for the oil and gas industry" and considered "a unique data source on failure rates, failure mode distribution and repair times for equipment used in the offshore industr[y]. OREDA's original objective was the collection of petroleum industry safety equipment reliability data. The current organization, as a cooperating group of several petroleum and natural gas companies, was established in 1983, and at the same time the scope of OREDA was extended to cover reliability data from a wide range of equipment used in oil and gas exploration and production (E&P). OREDA primarily covers offshore, subsea and topside equipment, but does also include some onshore E&P, and some downstream equipment as well.

The main objective of the OREDA project is to contribute to an improved safety and cost-effectiveness in design and operation of oil and gas E&P facilities, through collection and analysis of maintenance and operational data, establishment of a high quality reliability database, and exchange of reliability, availability, maintenance and safety (RAMS) technology among the participating companies.