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Digital Twins in Energy
Digital Twins are widely recognized as a game changer for oil and gas companies to merge cloud computing, advanced simulation, virtual system testing, AR / VR and machine learning to improve decision-making in real-time. In the current environment of post-Covid recovery, market instability and pricing fluctuations, the ability to deliver a virtual representation of a physical process enables companies to adopt a proactive approach to maintenance / repair. Utilizing Digital Twins to leverage the right data is key to lowering CAPEX and OPEX whilst increasing production and maximizing asset utilization. Despite the opportunities, a lack of know-how, training and process-disconnect is hampering the pace of Digital Twins adoption.The Digital Twins in Energy Conference will equip oil and gas companies with the insight to make informed and improved data-driven decisions from subsurface modeling and rig-design, to production, safety and field resource. Over two days, attendees will learn how to use Digital Twins to implement corrective maintenance actions (before failure occurs), lower cost, optimize extraction and optimize production.