As the whole world embraces technological advancements to realise their full potential, the oil and gas industry can’t help but join the digital revolution. FutureOn, the Norwegian software company that is focused on the energy sector, has said it has designed a tool “for the next-generation energy engineer that will impact project economics across the full lifecycle.”
FutureOn’s newly-developed software, FieldTwin Design 6.0, previously FieldAP, provides oil and gas, offshore renewables, and emerging sectors “with the muscle of unrivalled spatial representation, intuitive navigability, and meaningful, data-rich intelligence from concept through to decommissioning.”
From improved efficiencies when planning new assets to maintenance and modifications; FieldTwin Design 6.0 helps companies reduce costs compared with traditional design approaches; and visibility at the earliest project stages, minimising the need for late-phase revision, redrafting and/or correction. Further value is provided by seamless transfer from the design stage into ground-breaking digital twin capabilities, with all that means increased savings of both time and money.
“FieldTwin Design 6.0, previously FieldAP, is a multi-functional and intuitive product that features more muscle, more heart and a bigger brain,” said Jostein Lien, Senior Vice President of Products at FutureOn.
“From initial concept through to operations and decommissioning, our design and digital twin package will help to speed savings and minimise time to first oil while providing increased control and encouraging maximum collaboration from the earliest stage,” he added.
FutureOn’s technology has been proven on client projects to reduce planning and design time by up to 80%, whilst reducing FEED and EPC (Engineering, Procurement, and Construction) time, which has led to savings of between one and two years from discovery to first oil.
The feature-rich user interface and industry-leading data/metadata integration offers users the tools required to access the right information, to leverage that data to specific ends, and the experience to enable optimal results.
