Information silos within oil and gas companies harbor significant in-efficiencies and hinder the achievement of operational excellence. The desire for a single source of truth for all data types that can be consumed in decision-making and execution has been driving the pursuit of IT/OT convergence, which has largely remained elusive. The key to change is a digital twin that works.
This paper, originally published in AFPM Annual Meeting - Conference Daily March 20, 2019, looks at:
- how a digital twin works
- the difference between a traditional simulator and a digital twin
- the benefits of Petro-SIM based digital twin
Get in touch with us
Do you have a project which you are interest in working with us on?
Aug 15, 2019
In the past, when oil prices were higher, upstream producers were very focused on managing their assets for maximum production volume. However, in the current and forecast business environment, there is a much greater need to manage for value. Maximum value is not always maximum flow; this can sometimes lead to value destruction. So what does managing for value mean for an upstream producer?Read full article
Feb 4, 2020
Achieving autonomous operations is all about empowering the plant to run, learn, adapt and thrive in tomorrow’s environment. Dynamic real-time optimization gives a fast automated response based on the actual changes in raw material properties, product demand, and operating conditions.Read full article
Get the latest updates from KBC
Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.