Economizing Oil & Gas Capital Projects with PLM-Based Digital Transformation – The LTTS Approach

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Aggregating diverse data within this complex data management framework and analytics can help O&G companies get an integrated view of its processes. However, the following constraints remain:

• • • • • •

Scalability and cost Low traceability of the source data Difficulty in integrating with application performance management (APM)/other systems Limitations on AR/VR connectivity for future requirements Limited dashboard capabilities Lack of integration capabilities with third-party tools

These challenges call for an effective data management system that can integrate disparate data streams across the applications of an E&P platform for holistic analyses and faster decision making.

EDW-BASED CAD SOLUTION VS PLM-BASED SOLUTION – A COMPARATIVE STUDY Parameters

EDW-Based Plant CAD Solution

PLM-Based Solution

Engineering Information Integration

Strong portal offering for CAD data integration, with good component separation. Integration maturity is limited to design and varies based on solution offered by AVEVA, HEXAGON, or BENTLEY.

Single source of truth for design, engineering, analysis, and as build data. It is a centralized database for project and as-build data management.

Project Data Integration

Limited scalability in terms of integration with project data.

PLM offers strong solution for collaboration across project lifecycle including budget, schedule, logistics, and progress dashboard.

Cross-Platform Integration

Availability of cross-platform integration is limited to CAD systems, which is also not available for all platforms, though platform owners are working towards improving this feature.

PLM platforms are open for integration with different CAD and enterprise systems making collaboration easy and smooth.

Supplier Collaboration & Vendor Management

Nil capability for integration with supplier management.

Full scale capability for integration with supplier management.

Industry Experience

Strong O&G market presence with long history of successful project execution, albeit limited to individual project deliveries.

Limited use cases available in O&G sector for usage of complete PLM toolset, though it has been used sparingly for project management, requirement management etc.

L&T TECHNOLOGY SERVICES

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