Brochures

6 ways digital transformation drives asset management efficiency in Oil & Gas

Issue link: https://read.uberflip.com/i/1463435

Contents of this Issue

Navigation

Page 0 of 2

The oil and gas industry seems to be stuck in a period of perpetual volatility. Such constant uncertainty can take its toll—even forcing some oil and gas producers into bankruptcy. Producers that can channel today's challenges into opportunities for growth are much better positioned to not just survive, but become industry leaders. Securing such a valued position requires resources that allow an entire company to be more efficient and enable the agility to quickly respond as the market shifts. One key way oil and gas producers are laying the foundation for success is by working together, producing a capital facility and information hand over specification [CFIHOS] that fosters the exchange of engineering digital twin data and content providing interoperability for autonomous operations and maintenance. Hexagon products are designed to produce and consume CFIHOS compliant information data and content. Embracing maintenance as-a-service promotes autonomous operations and maintenance to ensure the integrity of mission-critical assets. Industry 5.0 has shifted the focus from advanced technologies to how people use these technologies in the safe and profitable operation of oil and gas facilities and pipelines. Organizations can expect a not-so-distant future where traditional Enterprise Asset Management (EAM) evolves to an Asset Performance Management (APM) platform that consistently innovates through: • Using operational digital twin for greater visibility to track, manage, and maintain key systems and equipment • Automating data capture and transformation between EPCs, contractors, and operating units • Integration capabilities that drives interoperability between maintenance, safety, operations, and regulatory compliance Read on to discover six ways that an asset performance management platfrom can help oil and gas producers achieve operational efficiency, streamline operations, reduce risks, and increase profitability. 6 ways digital transformation drives asset management efficiency in Oil & Gas Guide

Articles in this issue

Links on this page

view archives of Brochures - 6 ways digital transformation drives asset management efficiency in Oil & Gas