The hub would enable both parties to jointly develop new AI-powered innovations to facilitate the carbon reduction of complex energy-intensive assets throughout Saudi Arabia and abroad.
According to GlobalData forecasts, the global Internet of Things (IoT) revenue in the energy sector is expected to reach US$59 billion by 2025, up from US$34 billion in 2019.
WorkfloPlus-Web enables oil and gas operators to transform paper-based procedures into smart digital workflows that are now accessible via a web browser, while opening up the platform to operating systems such as Microsoft Windows for seamless integrated working.
The digital twins of two platforms in the Dutch North Sea will support planning of Neptune’s Carbon Capture and Storage project in the L10 area.
OPEX’s flagship product, emissions.AI, helps companies to operate complex facilities with lower carbon emissions.
Digital oilfield technologies such as digital twins and other remote monitoring solutions will be gamechangers in upstream oil and gas operations, according to GlobalData.
Inteliwell’s digital well construction solution will integrate digital systems for well construction, drilling control and real-time data monitoring.
The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.
The potential joint offer will include digital solutions developed by PGNiG as a part of the company’s 'Smart Field' programme.
The five-year alliance includes the delivery of plant-wide condition monitoring and machine asset protection services across more than 1200 assets at over 16 SABIC sites in Saudi Arabia.