Patent attributes
Systems and methods for utilizing performance based condition monitoring to determine health condition of wellsite equipment. A method may include operating a piece of equipment at an oil and gas wellsite by performing a plurality actions by a component of the piece of equipment, and generating a plurality of sensor measurements, wherein each sensor measurement is indicative of a corresponding action. The method may further include receiving the plurality of sensor measurements by a processing system, calculating a condition indicator for each component based on a corresponding sensor measurement, recording each condition indicator over a period of time, and determining condition of the piece of equipment based on at least one of the condition indicators recorded over time.
