Dassault Systèmes was proud to have been a Platinum Sponsor and Exhibitor at the Ikatan Ahli Fasilitas Produksi Migas Indonesia – IAFMI Oil & Gas Production Facilities Forum (Forum Fasilitas Produksi Migas – FFPM 2019) on July 9 & 10 in Semarang, Indonesia. Themed “Innovation and Transformation of Oil & Gas Production Facilities towards Industry 4.0”, the FFPM 2019 is supported by SKK Migas, the Indonesian Government’s Special Task Force dedicated to promoting the upstream Oil & Gas business in Indonesia.
During the three-day event, Dassault Systèmes’ technical experts, together with our partner Navita Origo Solutions, demonstrated the 3DEXPERIENCE platform to top industry decision-makers and discussed digital transformation best practices in achieving optimal Oil & Gas production.
At the Plenary, I spoke on how improving management and execution of capital projects can help oil & gas companies optimize operational efficiency during a presentation on “Capital Project Governance & Management for the Industry 4.0 era”.
Here is a summary of the presentation.
The increasing risks of Oil & Gas capital projects in Indonesia
Indonesia’s oil & gas industry is transitioning, amid volatile global oil prices, pressures on current reserves and challenges in exploring for new reserves. Due to these factors, capital project risk for oil & gas businesses has increased exponentially. Any equipment failure, operating error or an extra hour of plant downtime can potentially cost a company several millions of dollars. In addition, upstream production costs have escalated, as new reserves are often located in geographically remote areas.
These dynamics are compelling oil & gas companies to find new ways to optimize processes, increase operational efficiency and reduce risks of their capital projects.
The power of integrated data and information on the 3DEXPERIENCE platform
The advent of new IIOT (Industrial Internet of Things) technologies, such as automation, AI, machine learning and cloud computing, has generated a wealth of operational data and information with vast potential to create value. However, if the data and information are fragmented, business processes will become siloed and operational efficiency will stall.
For this reason, Dassault Systèmes deploys a unique platform-based approach to capital governance and management with the 3DEXPERIENCE platform. All data and information in a capital project are integrated on the 3DEXPERIENCE platform and then streamlined with varied business processes. This helps the oil & gas business build a connected infrastructure across its enterprise which will facilitate collaboration amongst business processes and more robust data analytics for better capital project governance.
Visualizing the data in the virtual world
One of the greatest value propositions of the 3DEXPERIENCE platform is its ability to visualize data and information in the 3D virtual world. Because humans are so visual, used to navigating the world in 3D, a 3D referential of capital project data, re-created as a virtual plant and integrated in real-time with the real plant, can be a powerful way of enhancing project governance.
Providing a “single source of truth” to eliminate siloes, facilitate collaboration
The virtual plant, powered by the 3DEXPERIENCE platform, acts as an information repository, where knowledge and lessons learnt from previous projects can be re-used and re-applied to benefit future projects. All stakeholders have access to the same “single source of truth”, enabling visibility of plant workflows across multidisciplinary teams, which helps to eliminate siloes and facilitate collaboration.
Uptime is always a priority in managing an oil & gas plant. As the virtual plant is linked to real-time data fed from the real plant, operators and maintenance workers can capture and manage varied equipment maintenance issues with immediacy, assign priorities and determine if escalation is required. This allows early detection and speed resolution of any potential operational problem.
The platform also captures and consolidates a list of capital project risks, which are then integrated into a “risk waterfall” graphic report for operators to analyse the risk mitigation process and make any necessary adjustments to reduce risks. This data-driven approach to risk management can further provide an invisible layer of governance to ensure successful project deliverables.
In addition to mitigating risks, containing costs is critical to the business success of any large-scale capital project. The data-centric approach of the 3DEXPERIENCE platform enables capital project leaders to define and manage project budgets with visibility of budget variances, thanks to its ability to capture and automate reports on both historical data and predictive data.
Why 3DEXPERIENCE for Digital Transformation
The 3DEXPERIENCE platform provides a “single source of truth” connecting stakeholders, processes and workflows with both historical and real-time data and information visualized in the virtual plant. The following are THREE important business success enablers provided by the platform:
- Integrated System
- Different data, information and applications are integrated on a common platform, accessible to cross-functional teams.
- Real-time connectivity ensures data and information are always up-to-date, thereby facilitating speedier planning and execution.
- Real-Time Visibility
- Real-time status monitoring ensures better decision making through early issues/problem detection and resolution.
- Collaborative Environment for the Entire Value Chain
- The platform provides a truly collaborative environment to ensure standardization of information access, control, sharing and knowledge re-use.
Download our eBook: Keys to Capital Project Success
Dassault Systèmes collaborated with PLM consultant CIMdata on this eBook to give you further insights into how an integrated information platform can improve results and reduce risks on large-scale projects.
Click on the picture below to download the eBook.
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Dassault Systèmes is a proud Platinum Sponsor of #IAFMI Forum Fasilitas Produksi Migas FFPM 2019, supported by @HumasSKKMigas, to drive #digitaltransformation in Indonesia’s #oilandgas industry for the #4IR era #3DEXPERIENCE
For further discussions on how Dassault Systèmes can partner with oil & gas companies to enhance capital project governance and management, please reach out to me at email@example.com.