Digital Twin

With a gross production capacity of up to 140,000 bopd, Argos is bp’s fifth platform in the Gulf of Mexico and the first new bp-operated production facility in the region since 2008.

The use of immersive learning technologies within training programs is widely proven to deliver better outcomes for both employee and employer, including knowledge retention and increased engagement; and this well-specific technological development will further instill confidence in the crew's ability.

The digital twins enable engineers to carry out traditional offshore work from an onshore location, accelerating work schedules and reducing costs.

DecisionSpace 365 applications empower an agile enterprise and bring planning, design, and operations together to create a digital twin of the well construction process. The applications provide operators real time and efficient collaboration with oilfield service providers and drilling contractors.

Global digital services leader Asset Information Services (AIS), a James Fisher company, announced its business development and account management expansion plans on Monday, which includes new hires in key global regions for its rapidly growing customer base.

Neptune Energy announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore.

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.

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.

This solution enables mCloud to take advantage of high-precision 3D laser scanners to create digital replicas of facilities along with a suite of capabilities designed to use these 3D models to streamline field work, minimize facility downtime, and eliminate unnecessary field visits.

The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins. It will set a benchmark for oil and gas operators, supply chain partners and regulators to establish trust in digital twin-generated data for performance and safety decision-making in projects and operations.

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service.

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

Lorenzo Simonelli, Chairman and CEO of BHGE, opened up the 2018 BHGE Annual Meeting (BHGE AM) in Florence, Italy, on Jan. 29 with a talk welcoming attendees. The 19th Annual Meeting is a record year for attendance, according to the CEO.