Digital Twin

Applications for condition-based monitoring and performance optimization may become a standard offering accompanying processing equipment deliveries.

Fifty-five FPSO units in the global fleet are reaching the end of their design life in the next five years, and a further five have life extension in place. With 19 more FPSOs currently being evaluated for life extension, what are the possible safety issues from corrosion and other structural integrity concerns?

4Subsea, a leading provider of digital technology and services to the energy and maritime sector, has successfully completed more than 300 measurement campaigns across the North Sea following the launch of its digital twin technology, significantly increasing uptime and mitigating risk during well operations.

The software combines innovative technology with a tightly integrated, end-to-end suite of workflows to create a complete and connected geoscience solution that enables a subsurface digital twin.

Collaboration across a complete project and asset ecosystem enables companies to increase productivity, have lower capital costs, guarantee safety while being able to implement innovative solutions. The Digital Twin concept in process industries is all about collaboration.

Petrofac has collaborated with asset management specialist James Fisher Asset Information Services to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost.

Historically, operators have employed piecemeal strategies to optimize components of the production value chain. However, achieving autonomous operations will require a holistic approach, integrating traditionally disparate data sources to create a single digital twin that can be delivered with relatively small up-front investment.

Two senior executives with TotalEnergies and Schlumberger give their thoughts and analysis of what the industry’s digital transformation effort has accomplished and where it is headed in the future.

A comprehensive digital twin system integrates operational and informational data to produce a fully virtualized rendering of a facility’s current situation and predicts how the asset will behave over time.

Next-generation oil and gas projects will benefit from the improved collaboration and shared goals made possible by increased digitalization and high-quality visualization tools.

How fast can you respond to ever-changing conditions and still maintain safe, efficient operations with a remote workforce? As oil & gas, midstream and refining companies look for ways to improve efficiency and reduce costs, there are digital strategies that can have an immediate, positive impact. Please join World Oil and AspenTech® industry experts as they discuss how advancements in digital twin technology play a key role in helping companies stay ahead – safely and profitably. Learn how you can: • Reduce operating costs and risks in the “new normal” • Adapt quickly to new conditions and avoid process fluctuations • Lower energy costs and emissions while maintaining peak efficiency • Leverage digital twins, hybrid models and other innovations to meet sustainability targets All energy industry professionals involved in operations improvement should attend. The presentation will highlight best practices for deploying digital twins and there will be a Q&A session following the event.

engageSubsea remote serves as an equipment inspection tool, technical support and operational management platform, and is designed to drive operational excellence and increase capital productivity for offshore oil and gas operators.

Petrofac has signed a three-year partnership with Intoware, a leading provider of workflow automation software for mobile applications, to develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry.

The industry must adapt to address new and unforeseen challenges in market demand, staffing and worker health and safety. Digital transformation is a requirement to keep businesses alive while ensuring the most efficient and sustainable use of resources.

An extremely challenging economic environment is driving digital transformation across the oil and gas industries—but it doesn’t need to happen all at once. Companies can realize major top-line and bottom-line improvements, by thinking big but starting small and scaling up, using digital twins.

Operators require proof that digital twins can be trusted and will deliver value over time. Two companies have partnered to develop a methodology for qualifying the quality and integrity of the technology.

As remote inspection gains momentum in the current climate, digital twinning is gaining greater acceptance as a trusted method to reduce operating costs. New data show the benefits that digital twinning can bring to decommissioning.

Digital transformation holds the key to addressing global energy challenges

Digital twin technology provides most of the information required for a complete integrity management program, greatly improving the ability to operate and maintain floating production systems.