Published: 23 March 2020
Establishing trust will be key to the adoption of digital twins
Companies will only be able to extract maximum value from a digital twin if they are assured that it will function as specified
A structured, systematic approach is needed to ensure performance matches expectations, including setting clear goals and managing working processes
TechnipFMC and DNV are developing the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology
Digital twins provide virtual representations of systems and physical assets over their lifecycles. Recognizing the potential to increase safety and efficiency, the oil and gas industry is increasingly applying this technology. As the industry prioritizes digital twins and technologies integrated within them for investment in 2020, this is set to grow, according to DNV’s industry outlook, New Directions, Complex Choices. The report assesses sentiment, confidence, and priorities for 2020, among more than 1,000 senior oil and gas professionals.
The attraction is that a digital twin can support information-based decisions across the lifecycle of assets, from the design stage through to decommissioning. The big question though, is whether the information from a digital twin can be trusted. Establishing such trust will be key to adoption, as companies will only be able to extract maximum value from a digital twin if they are assured that it will function as specified.