Digital twins hold significant potential to reduce development times and costs and increase efficiency, a key priority for the oil and gas industry that has only taken on more impetus amid significant uncertainty in 2020.
The issue is that despite the potential, the oil and gas industry has not yet realized the full value of digital twin technology. At DNV GL, we believe digital twins, and approaches to them, are missing key elements: do they generate sufficient value given the investment needed and can they be trusted over time?
In this complimentary event, we discussed why building trust in the quality and integrity of digital twins is key to extracting maximum value, and subsequently to the adoption of this technology. After all, decision-makers can only offer their support to the use of digital twins if they can trust they provide consistent, accurate information, and are confident using these insights to make informed decisions.
Just as rigorous testing and quality assurance are essential for physical components, assurance can play a similar key role in building trust in digital assets, but what approach should the industry take to qualify digital twins?
Watch the recording of the panel discussion and make sure you make the right decisions on digital twins.
Erlend Fjøsna, head of innovation and digital partnering, TechnipFMC
“As more digital twins enter the oil and gas sector, it is key for operators to know that their twin works as planned, and that its output is reliable.”
Roy Ruså, chief digital officer, Petoro
“Key challenges to get value from digital twins are a vision of what you want it finally to help you with, a realistic approach to its development and the ability to know the difference. The final digital twin will consist of many subsystems/ apps, each bringing business value and together new value. How do you balance short versus long term capability. Which indicators would for instance contribute to high regularity 5 years from now and not only today.”
Kjell Eriksson, vice president - digital partnering, DNV GL - Oil & Gas
“Bringing clarity and structure to the qualification process of digital twins is critical… In these early years of the industry using this technology, clearly specifying what you want to achieve from the digital twin and how you will manage the change or disruption to working is a genuine challenge for many companies.”
Per Myrseth, chief specialist - information risk management, DNV GL - Digital Solutions
“If you cannot trust your data you cannot trust your digital twin. Hence you need to think condition monitoring not only for the physical asset or system but also for data powering the twin.”