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From demand forecasting to predictive maintenance, AI is redrawing the frontiers for the oil and gas industry encompassing reservoir modeling, drilling optimisation and predictive maintenance. The latter is very critical for asset maintenance and AI solutions help analyse the vast datasets to predict equipment failure before it occurs, avoiding unexpected shutdowns or putting operator safety at risk
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Enhancing transparency and security in supply chain and trading activities is what blockchain – the secure digital ledger of transactions – does effectively to make operations easier in the oil and gas industry. An oft-quoted research study performed by Shell, BP, and Statoil had estimated that adopting blockchain into the oil and gas industry can reduce the transaction execution time by 30%. The fact is blockchain technology offers huge potential for businesses in the oil and gas sector to streamline everyday transactions through the use of smart contracts, achieved mainly through cost reduction by eliminating the intermediaries in the process. Like most other matured digital technologies, blockchain enables transactions in minutes that would otherwise take hours of costly human efforts. Secondly our LEAN and wiring methodologies across supply chain process helped us to win confidence of our clients , our partnerships with strategy and management Optimization Global Organizations and tools of wiring is keeping us at unique level among our competitors, Digitech Excellence Solutions consultants are equipped with state of art LEAN and wiring tools which is helping us in transforming supply chain process if our clients and partners .
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The concept of digital twins and their applications in asset management and performance optimisation is rapidly gaining centrestage in the oil and gas industry. This is an asset-intensive industry with heavy capital investments so the digital twin in this case must factor in the entire asset lifecycle from design and execution to operations and maintenance. Digital technologies like AI, ML, IoT-enabled sensors, big data and analytics, and cloud computing are contributing in no small measure to enhance the capabilities of the digital twin, a virtual replica of the real operational scenario that facilitates a bird’s eye view of the real situation, enabling prompt and active intervention wherever required. Only a thorough systematic approach can make the implementation of digital twins reflect the actual reality and be relied upon for quality and accuracy. For example, Digitech Excellence Solutions unique technology of BOP digital twin is a dynamic virtual representation of the Drilling Rig BOP ( sub surface and surface ) and CBM of its components and digital pressure testing module , pressure seals and its behaviour is continuously updated with integrated information reflecting the status of the BOP and its components in real time and also its helping our global clients in monitoring BOP related Flat Time while pressure testing and help them to Optimize and enhance BOP performance.
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Even as the implementation of digital technologies has become more widespread in recent years, it is by no means a recent phenomenon. For an industry with a legacy of over a century and a half, the industry has kept pace with technology trends and ranks among the most automated. What has now gained pace is the process of bringing together all the individual process stages into a connected whole by leveraging digital technologies of the Industry 4.0 era. Book time with Digitech Excellence Solutions experts to explore case studies from real world.
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Even if the digitalisation journey is bringing the oil and gas industry much relief from the cyclical upheavals it is facing, the story is far from over., the world is now battling the climate crisis and preparing for net zero emissions regime in order to hold the global temperature rise to 1.5 degree C. To adhere to the 2050 deadline, which most developed countries have committed to, zero-carbon sources will need to supply 98%-100% of electricity by then. This has put enormous pressure on the oil and gas companies to join the effort for finding enough clean energy sources even as they continue to supply the affordable energy requirements of the day, albeit with reduced emissions. Amidst this scenario, the oil and gas industry has to perform a balancing act between business-as-usual for short-term returns and a calibrated approach towards renewables for long term prospects. It would be interesting to see how the major oil companies have fared on this count and the strategies they are adopting for clean energy. Digitech Excellence Solutions along with its partners will help your Organization in developing Sustainability strategy and will innovate your operations with solutions which will help you in energy transition, Digitech Excellence Solutions team along with its partners , Green-watt *, *EnergyVue and many more are waiting for your call to shoulder up to face the upcoming energy transition challenges.
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- Environmental Protection and Management Planning -Environmental Management System (EMS) and Auditing -Site Characterization, Evaluation and Risk Assessment -Environmental Site Assessment (all project Phases) -Project feasibility studies through project design/ appraisal to construction phase) -Environmental Impact Assessment (EIA) Studies to ensure compliance according to government regulations and standards
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