Digitalizing in the Oil & Gas industry
Maximizing plant availability, safety, reliability, and efficiency of operations & maintenance are the key challenges for today’s Oil & Gas industry. Close and accurate real-time monitoring of key processes parameters is critical.
Oil & Gas industry trends
- – Increase the number of sensors
- – The decreasing number of Subject Matter Expert (SME)
- – Digital Twin
- – Silo-ed integration with interoperability and Cyber Security
- – Sensor validation, verification and calibration are changing from manual to automatic
- – Diagnostic information becomes more important
- – Soft Sensors
- – Intelligent (Smart) Systems
- – Digital Twin
- – Artificial intelligence (AI)
Overcoming Oil & Gas industry trends
We use digital to help our clients boost productivity, mitigate risk, reduce waste, and spark growth.
Operational risk
With growing complexity in regulations, Oil & Gas operators must invest more in health, safety, and compliance technology to manage operational risk.
Asset Reliability
Many critical assets are over 25 years old in the Oil & Gas industry. A significant percentage are still using reactive maintenance practices and are unable to detect errors on time.
Insight into Asset and Operational data
Oil & Gas operators are challenged with low visibility into asset or operations performance on both the plant and enterprise levels.
Market demand
Current market conditions and shifting feedstock prices, Oil & Gas operators are often challenged with decentralized production, putting added pressure on operating costs and production flexibility.
Knowledge management
Around 70% of experienced employees will retire in the next 10 years.
Reporting & Compliance evidence
Increasing requirements for (environmental) reporting and compliance evidence.
Opportunities
- – Increase operational efficiency of existing plants
- – Optimize execution of new projects
- – Maintain assets and infrastructure in a cost-effective manner
- – Increase plant reliability (up-time) + product specifications (no outlier)
- – Improve Production Forecast confidence
- – Adhere and comply with existing & future regulations
- – Maintain & Improve Safety Record
- Reduce emissions
How?
- – Improve timeliness of data for better planning, optimization
- – Get more value out of existing data; re-use & avoid duplicates
- – Provide proven solutions & expertise, especially to small/medium size companies.
- – Implement the ‘right degree’ of digital transformation
- – Form strategic alliances with major global players
- – Stimulate, facilitate and join forces in shared Technology projects
+130 Clients Worldwide
