NEWS COMMENTARY

Saipem partners with DNV GL for utilizing digital twins for full life cycle management

Published:
August 29, 2019
Coverage:
Digital Transformation More...
Activities:
Partnership
by Harshit Sharma
Low importance

Digital twins are rapidly growing as one of the most promising technologies for the oil and gas industry. A variety of applications in predictive maintenance and operations optimization that reduce operational costs are already underway, as discussed in Lux's earlier report. Saipem's partnership with DNV, however, takes twins toward project management, scheduling, and procurement that reduces capital costs. Saipem will develop twins of five different vessels and host them on a central platform, also enabling data sharing within the twins. This an interesting direction for the technology that takes twins from chiefly an opex tool to a capex reduction tool; clients should expect similar progress from oil and gas players for offshore rigs.

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