Oil & Gas Technology Autumn 2023

Page 42

FUTURE DIGITAL TWIN

A proven path to maximizing trust, confidence and returns on your digital investments Digital transformation is key to safeguarding energy supply while decarbonizing and electrifying our society. Without digital transformation, it will be significantly harder for organizations to join the energy transition in a meaningful and efficient way.

D

igitalization not only helps improve efficiency and sustainability, but also opens new opportunities in the energy market. While significant investments have been made in digitalizing the energy sector, digital twins represent an opportunity for organizations to make significant returns and outpace their competition. Currently, most organizations use digital twins as complementary tools for less critical decisions and are therefore not maximizing their value.

complementary sources of information. • It is very hard to get value from advanced solutions without a solid foundation. • Artificial intelligence has significant potential but is currently not yet widely used. • There is a growing awareness of the importance of data quality. • Digital twins need to be integrated in work processes to be sustainable. • A common digital architecture is emerging. • There are significant investments in new information models addressing the entire life cycle. • Most organizations show an increased awareness of cyber security threats. We also believe that the introduction of the EU AI Act, with its broad definition of artificial intelligence, combined with initiatives from national authorities, will result in increased regulatory complexity.

How can we move towards a reality where digital twins are trusted as the main source of information for critical decisions, and ultimately used in an automated way? This reality requires organizations to build trust in their digital assets. DNV works with global energy companies, leading platform providers and agile technology vendors to increase the quality and robustness of both transformation processes and digital twin solutions. Throughout the work we have undertaken we have observed that: • Digital twins are mainly used as

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Figure 1: This graphic illustrates the structure of a digital twin by its capabilities and areas of application.


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Articles inside

Digital Twins in the Oil and Gas Industry

2min
pages 50-51

The value of avoiding uncertainty in the ground

3min
pages 48-49

De-mystifying digital twins for oil and gas

5min
pages 44-47

A proven path to maximizing trust, confidence and returns on your digital investments

3min
pages 42-43

Incremental digital transformations that reduce time to value

1min
page 41

Advanced Analytics Solutions Drive

4min
pages 38-40

The role of generative AI in the oil and gas sector

4min
pages 36-37

It is time we focused on digital transformation – not just technology

2min
pages 34-35

Enhancing Greece’s strategic and commercial position through natural gas storage capacity development

3min
pages 32-33

Simone Kranendonk: “At the ETCA campus, we have everything we need to make a real impact on the energy transition”

3min
pages 30-31

Journey to a more sustainable future

3min
pages 28-29

DIGITAL TWIN Keeping an eagle eye on oil & gas assets

3min
pages 26-27

Optimising production capabilities with additive manufacturing

2min
pages 24-25

Transmitting safely from the danger zone

2min
pages 22-23

Succeed in the Oil & Gas Industry with These Five Digital Trends

2min
pages 20-21

Rosebank field to progress in the UK

3min
pages 18-19

The Aluminium TwixBeam THE SMART BEAM IN SCAFFOLDING

1min
page 17

SLB Launches first-of-its-kind, easy-toinstall methane measurement instrument

2min
pages 16-17

Chevron CEO talks boosting oil production amid record demand

1min
page 14

ADNOC Takes FID on World’s First Project That Aims to Operate with Net Zero Emissions

2min
page 14

services contract with Petrobras

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pages 12-13

Production start for Statfjord Øst project

1min
page 12

Aramco to enter global LNG business by acquiring stake in MidOcean Energy

0
page 12

Baker Hughes announces major gas technology equipment order for Venture Global LNG

1min
pages 10-11

bp’s Archaea Energy achieves major milestone, brings online first of its kind renewable natural gas plant

2min
page 10

More gas from Gina Krog with Eirin

2min
page 8
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