General Industry TermVerified
FIT meaning in oil and gas
FIT means Failure In Time. FIT rate of a device is the number of failures that can be expected in one billion device-hours of operation. E.g. 1000 devices for 1 million hours, or 1 million devices for 1000 hours each, or…
Definition
Failure In Time
FIT rate of a device is the number of failures that can be expected in one billion device-hours of operation. E.g. 1000 devices for 1 million hours, or 1 million devices for 1000 hours each, or some other combination.