Using digital twins on offshore assets can increase oil production by 8% , said David Hartell , senior development manager at Aberdeen exploration and production company Hartell Oil. A digital twin, essentially a virtual dynamic simulation model of an asset, is initialised based on the asset's design phase and is then updated as the asset is built and commissioned. Is it reduced operational cost? The equipment, in Premier 's case a flexible riser, is then fitted with sensors, Digital said. Premier twins can save costs by predicting faults and increase revenues by finding hard-to-reach oil, he said.
Using digital twins on offshore assets can increase oil production by 8% , said David Hartell , senior development manager at Aberdeen exploration and production company Hartell Oil. A digital twin, essentially a virtual dynamic simulation model of an asset, is initialised based on the asset's design phase and is then updated as the asset is built and commissioned. The equipment, in Premier 's case a flexible riser, is then fitted with sensors, Digital said. Premier twins can save costs by predicting faults and increase revenues by finding hard-to-reach oil, he said.