June 17th, 2024. The EU''s Federated Digital Twins for Wind-Offshore project develops a customizable digital twin for offshore wind farms. This innovation enhances energy reliability and security. A new EU project—Federated Digital Twins for Wind-Offshore (DTWO)—is developing a digital twin to simulate offshore wind power generation.
Watch the webinar to discover additional digital twin benefits for oil and gas companies, including: Optimizing operations. Decreasing downtime. Prolonging asset life expectancies. Reducing operational expenses. Simulation with predictive analytics in oil and gas.
For example, Wipro created a digital twin strategy for a large crude oil producer in North America that supported multiple business units. The digital twin solution helped to reduce production downtime and improved asset efficiency, leading to higher throughput.
By engaging Digital Twin Consulting''s strategies and principles, companies in the oil and gas sector can navigate the path to Digital Twin success, enhance their operations, and drive innovation in this dynamic industry.
Explore how the adoption of digital twins revolutionizes the oil and gas industry, and learn how you can overcome adoption challenges.
Digital twins and smart data systems could help oil and gas operators save up to 15% on total decommissioning project cost. What''s the key to successful adoption of digital twins?
A digital twin of the Curiosity rover helped NASA solve the robot''s heat issues. At CERN, the European particle accelerator, digital twins help with detector development and more mundane tasks
A comprehensive Digital Twin, of the type needed for monitoring performance of offshore oil and gas facilities, requires considerable computing power. The real-time rendering of 3D data such as models, LiDAR scans, and photogrammetry requires dedicated graphics processing capabilities.
Digital twin technology, an advancement stemming from the industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime.
4 · This paper aims to develop a conceptual system architecture utilising the land survey data model (LSDM) to manage spatial information associated with field design for oil and gas projects. A widely accepted design science research approach was used, which includes five phases as the foundation phase, development phase, implementation
Image: Milo Hess/Zuma Press. The U.S. Air Force announced on Tuesday its latest initiative to unleash the power of "digital twins"—computerized simulators that mimic real-world systems with
There are a great many uses for digital twin technology that can significantly benefit the petroleum industry. In this article, we cover ten use-cases of digital twin technology for the oil and gas sector.
Increased field automation, remote operations, reduced costs of sensors, Digital Twins, Machine Learning, and improved computational speed are all addressing these challenges. This article provides insights into essential Digital Twins in upstream oil & gas production operations using industry examples.
Digital twins are gaining acceptance in oil and gas, and adoption plans are aggressive. However, there are differing perspectives and confusion about definitions, value and approach. CIOs can use this research to understand the key ways digital twins are developing in the industry.
Explore how digital twins are transforming the oil and gas industry, enhancing asset monitoring, safety protocols, supply chain operations, and environmental compliance. Discover four major use cases for digital twins and learn how VEERUM''s solution delivers significant ROI.
Digital twins optimize oil and gas operations, from design to operations, enhancing safety, profitability and sustainability. Oil and gas companies deploy digital twins for remote monitoring, predictive maintenance
For the oil and gas industry, digital twins have opened the way for predictive maintenance of field assets thanks to the integration of smart sensors and data processing capabilities. This is a huge step towards cost-efficiency, employee safety, and reaching net-zero goals.
Leading oil and gas companies have been using digital twins for years to accelerate production, reduce operating costs, minimize risks and improve decision making around asset maintenance and operation. A digital twin is a virtual representation of a machine, process, or other physical object.
Learn about the importance of digital twin technology in the oil and gas industry, including safety, saving money, and optimal performance.
From this literature review, it was found that asset integrity monitoring, project planning, and life cycle management are the key application areas of digital twin in the O&G industry while cyber security, lack of standardization, and uncertainty in scope and focus are the key challenges of DT deployment in the O&G industry.
Digital twins continue to expand along multiple pathways in oil and gas. CIOs should establish modular architectures, reusable components, integration skills and governance processes to sustain the value of both multiplying specialist digital twins and highly complex, composite digital twins.
Discover 5 global digital twin solutions in Oil and Gas in this data-driven report & learn how their solutions impact your business!
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Digital twins are revolutionising the oil and gas industry by providing a complete 360-degree replica of physical assets, such as pipelines, gathering systems, heat exchangers, turbines, pumps, compressors or entire plants.
Key players in digital twins – a disruptive innovation in the oil & gas industry. ''Application diversity'' measures the number of different applications identified for each relevant patent and broadly splits companies into
By creating a digital twin of an oil reservoir, operators can visualize reservoir behavior, optimize drilling strategies and maximize extraction.
Digital twin use cases can help companies optimize the following value drivers: capital expenditure reduction, time-to-first-oil acceleration, recovery rate increase, production acceleration, operating expense reduction, and
They think of a Digital Twin as a representation of an entire production platform or offshore supply vessel, and those systems are huge and unique, one-off solutions. This is not to say the pump isn''t a part of this system, but it raises a new challenge of data integration across multiple sources.