Working Towards a Digital Twin for E&P

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 survive and succeed in this digital era. This digital transformation is multifaceted and includes cloud technology, automation, artificial intelligence and machine learning. One very important concept that is gaining momentum is the application of digital twins across the E&P lifecycles. The ability to have a digital representation of the various operations allows the industry to test and model multiple scenarios before committing resources to building physical twin. This approach, therefore, can help to cut costs and increase efficiency...

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