As the E&P industry adjusts to the new economic climate and the lower price of oil, organizations are confronted by the pressing need to lower costs and increase efficiency. Therefore the digital transformation of the E&P industry has become an imperative if companies are to succeed in this digital era.
Leveraging digital technologies such as cloud, IoT, artificial intelligence and machine learning empowers the E&P industry to conduct their digital transformation, and in doing so facilities a powerful step change in the way the industry operates. Together we can create and maintain digital representations of industry operations in order to test multiple scenarios before committing resources to building its physical twin. Embracing the digital twin approach can help cut cost, increase efficiency and has the potential to provide valuable insight. Insight that can help your organization succeed in a digital era.
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Watch Dr. Michael Grieves, executive director of the Center for Advanced Manufacturing and Innovative Design at Florida Institute of Technology talk about the requirements, use cases, and underlying value of leveraging the digital twin.
Listen to Dale McMullin & Ed Marotta discuss how Halliburton’s Voice of the Oilfield™ and Well Construction initiatives take on a system of systems approach, to ensure performance requirements are met.
Learn how uniting data-driven and physics-based models to generate a hybrid digital twin can increase your model accuracy, provide enhanced insights, and improve engineering efficiencies.