On May 24, DNV hosted a live streamed event for professionals across the energy sector to discuss how the industry can take advantage of the joint industry project READI. Key outcomes of the project include a common digital framework, which enables automation of critical work processes across the energy value chain, resulting in significant cost reductions and higher quality in project execution and asset operation.
“We are enormously proud to be able to share our success with the rest of the industry and pleased to see the immense interest in the project at this event. We hope as many as possible will take advantage of the project deliverables and hope this event has inspired colleagues in the industry to do so,” says Erik Østby, DNV and READI Project Manager.
Speakers at the event included experts from DNV, Equinor, Aker BP, University of Oslo, NOROG and POSC Caesar Association. They presented learnings from the project, key tools developed, experiences from practical implementation in current projects and plans for further development and scaling of the digital concept.
Enabling digital transformation across the oil and gas industry
The amount of documentation following industrial plants is enormous, typically based on documents and unstructured data. Today, the industry spends massive amounts of expert man-hours to specify, implement and verify requirements versus design, yet repeatedly there are quality deviations in project execution and operation. In addition, many of the systems used to support key business processes do not speak the same digital language, preventing efficient information exchange across disciplines. Due to this, it typically takes several months to update master documentation for the completion of a plant modification.
Instead of updating information manually in various engineering and ERP systems, the READI framework enables a more automated and digital approach, where master asset data is structured in a standardized and machine-readable way, allowing modifications to be automatically updated across systems. In that way, work is done faster and stakeholders across the value chain can access the same accurate data, saving 70-90 per cent of costs related to updating of information due to asset modifications. With this in place, the update of asset information can be completed in a matter of hours instead of months.
How industries can take advantage of the project deliverables
The first movers to adopt the READI framework are the Norwegian asset owner-operators Equinor and Aker BP. They are implementing deliverables from the READI project in the Krafla and NOA Fulla (NOAKA) field development projects. Project Lead for NOA Fulla Digitalization at Aker BP, Helge Schjøtt, demonstrated how they have operationalized tools and frameworks from the READI project at the event.
Equinor is also applying the READI framework as a basis for their new engineering and information management system, SPINE, which is expected to be deployed in offshore wind projects. Paal Frode Larsen, Project Director Spine and READI Steering Committee chair says, “Creating a common digital language and shared information model is a must to reduce waste in the billions of NOKs on the Norwegian Continental Shelf.”
Although the READI framework has been developed for the oil and gas industry, the framework is equally applicable for other industries, including energy, renewables and healthcare.
Moving forward, most of the READI framework is being handed over to POSC Caesar Association for further development, publishing, governance and standardization.
Want to learn more?
- For more information and demos, please contact Erik Østby, READI Project Manager erik.ostby@dnv.com
- Watch the recorded sessions and download presentations from the event here.
- Learn more about the project at https://readi-jip.org/