All of this is driving digitalisation.
Today, there is already an expansive set of proven digital solutions available that have been applied in various industries all over the world. Digital solutions turn existing customer data assets into value providing real-time knowledge for faster, smarter decision making, which ultimately means reduced lifecycle and projects costs, as well as improved operational efficiency and safety.
The use of data over the entire cycle from project initiation until modernisation is a key to increase asset efficiency. For that Siemens is integrating data from its product lifecycle management (PLM) systems like Teamcenter and COMOS with data analytics for lifecycle services on our MindSphere platform, to reduce maintenance and improve reliability. These have been implemented on the new North Sea platform Ivar Aasen, and will reduce the offshore personnel by 70 per cent by having a mirrored onshore control centre with online data connection and assessment.
What are the key benefits digitisation can bring to the future development of the oil and gas industry?
We at Siemens look at every situation as an opportunity for value creation. And digitalisation is the core in the process of value creation.
When the industry is going through the “lower for longer” phase of oil price conundrum, Siemens digital capabilities are clear answers to optimise operations, eliminate redundant processes and turn data into value. A key aspect of our digital effort is to provide actionable intelligence to the customers leading to value added decision making.
The digital value chain helps organisations respond smartly to the internal and external business environments with agility. Digitalisation creates an ecosystem where companies operate without boundaries to leverage each other’s expertise, best practices, etc.