That's right, all data in WellMaster RMS is collected in accordance with the recently updated standard.
The ISO 14224 (Petroleum, petrochemical and natural gas industries – Collection and exchange of reliability and maintenance data for equipment) provides a comprehensive basis for the collection of reliability and maintenance data in a recommended format. The standard encompass downhole completion equipment, and the failure modes defined are in line with those found in WellMaster RMS. ExproSoft was part of the discussion group when establishing the standard, and WellMaster RMS is a reference solution to the recently issued 3rd edition.
ISO 14224 focuses on quality of data to be collected and maintained for the purpose of reliability calculations and maintenance execution. Furthermore, it highlights systems and work processes in the data capturing. The WellMaster RMS data model parameters are defined in order to enable equipment reliability calculations and benchmarking in line with ISO 14224.