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IIoT AND DIGITAL SOLUTIONS FOR OIL & GAS

June  2019  |   TBC

HOW CAN OIL & GAS OPERATORS BENEFIT FROM ``DIGITAL TWINS`` TECHNOLOGY?

Posted on 12-02-2018 by GBC
The digital twin is perhaps one of the major industry buzzwords of the past year, led initially by GE Oil & Gas, but with others, such as Kongsberg, now introducing platforms that enable operators to have a “digital twin” of their assets.
Simply put, a digital twin is a virtual model, pairing the virtual and physical worlds, allowing for the analysis of data and system monitoring in a way that dramatically improves operations, preventing downtime, reducing maintenance costs, and providing data that can be used to streamline operations throughout the lifecycle of the asset. By integrating data from many different software products, the concept enhances information management and collaboration, where experts and operators can work together, preventing costly mistakes and rework.
With the introduction of the Internet of Things, the digital twin is now cost-effective to implement, and the concept is rapidly becoming imperative to obtain a competitive advantage in efficient business operations. Gartner Inc., lists it among technologies that analysts believe will have “substantial disruptive potential across industries.”

Bringing Minds to Machines in the Oil & Gas Industry – follow the link to read an overview from ARCweb 

Digital twins – rise of the digital twin in Industrial IoT and Industry 4.0 – follow the link to know more about technological aspects of “Digital twins”

At IIoT and Digital Solutions for Oil&Gas we will delves deeper into this topic with real world case applications from oil & gas operators. Lars Meløe of Kongsberg Digital will deliver a special presentation “Digital Twin – Disruptive leap for design and operation in the O&G industry”
IIoT and Digital Solutions for Oil&Gas detailed Agenda and speakers

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