How to FieldTwin for efficient and collaborative development of offshore energy projects

What's the Fieldtwin?

Fieldtwin is a digital binary and asset planning tool to enhance decision timber and collaboration on large capital systems in the coastal energy diligence. FutureOn presently vend the Field Exertion Diary software for the asset planning stage in coastal canvas and gas systems. The objects for this design were to estimate the specialized and marketable feasibility of developing FieldAP into amulet-industry, full lifecycle software result and to develop a roadmap to request for the final product. Tasks included probing and defining the new verticals to incorporate into the product, defining the request eventuality and executing a fiscal analysis to estimate profitability and needed investment.

Work performed from the morning of the design to the end of the period covered by the report and main results achieved so far

1. Evaluation and description of precedence new verticals for Fieldtwin. A full request need, request geography and value proposition comity analysis was conducted, to review optimal growth sectors to pursue. Decommissioning and Wind Energy were linked as crucial targets for development.

2. A roadmap to request inc

luding a detailed specialized development plan was established. A 24 month design of 5 work packages has been defined for a total budget of €2.7 M

3. Request analysis of crucial sectors, request trends and TAMSAMSOM eventuality has been defined.

4. Fiscal analysis has demonstrated the need for farther backing to support the development design but with a largely profitable outgrowth from new verticals of€ 15m fresh profit by 2025 (40 of total fieldtwin) and an ROI of 6.5

5. Business plan has been defined with detailed marketable strategy and growth plan.

Progress beyond the state of the art and anticipated implicit impact ( including the socio-profitable impact and the wider societal counteraccusations of the design so far)

Fieldtwin can revise the planning process for large, complex coastal energy systems. Presently multi-disciplinary brigades and common gambles must calculate on a complex system of individual specialist software solutions and spreadsheets to make and partake their field models and planning scripts. Fieldtwin will give a single, pall grounded result, pulling all applicable data from critical downstream operations. This will deliver rapid-fire access and sapience to harmonious and accurate design data and modelling, fleetly accelerating decision timber (by 40), reducing design threat and perfecting design NPV by over to 8. This real value will be felt throughout the value chain, critically reducing cost and environmental threat for dangerous decommissioning systems and enabling faster growth of the coastal wind sector.

FieldTwin Design6.0, preliminarily FieldAP, provides canvas and gas, coastal renewables and arising sectors with the muscle of unexampled spatial representation, intuitive navigability and meaningful, data-rich intelligence from conception through to decommissioning.

Demonstrated benefits of the expanded and upgraded futureon digital planning conception, constructed over multitudinous times as an abecedarian strength assiduity tool, are massive throughout subject layout, nicely planning, channel engineering and beyond.

These benefits correspond of progressed edge when making plans new means, keep and adaptations; dropped charges in comparison with traditional design strategies; and visibility on the foremost challenge categories, minimizing the want for history due- section modification, redrafting and/ or correction.

Also crucial is increased inflexibility around environmental motorists – pushing down emigrations or avoiding a sensitive area, for case – while enabling increased collaboration across design brigades, drivers and contractors.

Farther value is handed by flawless transfer from the design stage into ground- breaking digital binary capabilities, with all that means for increased savings of both time and plutocrat.

Maximum occasion, tight perimeters

The pace of change in the canvas and gas assiduity has been accelerated by an unknown combination of events the COVID epidemic, weakening demand and the drive to net zero. Investment in upstream was slashed over the last 2 times and, according to a report from Rested Energy, isn't anticipated to return to major situations untimid-decade, if also.

For drivers running on this constrained surroundings, futureon believes that organizing a detailed, early and complete moxie throughout all assignment parameters, and conserving that position over the complete lifecycle, is important to achievement.

Fieldtwin design offers druggies the gear needed to get admission to the right information, to influence that data to specific ends, and the experience to allow utmost fulfilling consequences.

Structure blocks of success

FieldTwin Design6.0 offers a important new 3D machine, point-rich stoner interface and assiduity- leading data/ metadata integration. The end result is a slice- edge – yet tested – layout and virtual binary package this is simpler, cleaner and more responsive to use.

FutureOn’s technology has been proven on customer systems to reduce planning and design time by over to 80, whilst reducing FEED and EPC (Engineering, Procurement, and Construction) time, which has led to savings of between 1 and 2 times from discovery to first canvas.

Highlights include

Important and game changing 3D Machine – the core of FieldTwin Design6.0 offers a massive speed optimization for large and complex field and subsurface layouts.

Greater green consumer interface – a streamlined control contrivance creates a redundant productive digital platform, and the capability to reap significant issues in a bit of the time.

Expanded visible constancy – information inclusive of field structure, budgets, bathymetry and grainy illustration of wells, in addition to affiliated metadata, are incorporated into live 3-d chart picture.

Bendy workspace – delivered functionality similar as dockable windows, advanced toolkits, and bettered controls offersHigh- degree, intuitive and individualized commerce within the 3D geography.

Larger data – multiple integrations from third- festivity operations will give drivers with an fortified enjoy that encourages high- degree, cooperative information across field planning, charge operation, fiscal modelling and compliance.

“ FieldTwin Design6.0, preliminarily FieldAP, is amulti-functional and intuitive product that features further muscle, further heart and a bigger brain,” says Jostein Lien, Senior Vice President of Products at FutureOn.