HP March 2022 eBook—Energy Transition - 14

Viewpoint
flexibility and agility, as well as the ability
to collaborate seamlessly from their
technology deployments, and AVEVA is
responding to this need.
HP: How does the current volatility
in oil prices impact your customers?
What are the challenges associated
with using digital twins?
McCloskey: The current macro operating
environment for oil and gas companies
has accelerated the need to optimize
manufacturing operations and improve
performance to protect profitability.
Ensuring the accuracy of data is critical
to success. In response, we are increasingly
seeing these producers invest
in their own cloud-based data platforms
for current and future capital projects,
operations and maintenance as part of
their digital transformation projects. By
and large, this shift is due to the fact that
accurate data, kept in one place, ensures
the reliability of a digital twin's output
and the efficiency of operations throughout
the asset's lifecycle. Through 3D visualization,
engineering data can tell customers
the type, size, connection source,
operational background and location of
equipment installed on a plant site. This
data is generated in capital projects, from
new plant builds to brownfield revamps
and retrofits, and forms the backbone of
the digital twin.
Lowering total cost,
time and risk
in capital projects are the major challenges
associated with implementing
digital twins. While each industrial environment
brings different challenges,
the petrochemical industry is well-positioned
to adopt digital twins. In fact,
early adopters of digital twins have predominantly
been the continuous process
and certain discrete repetitive industries,
which have higher levels of automation.
Due to their highly instrumented environments,
these industries can more easily
minimize essential workers onsite and
shift many operational functions offsite
using high-fidelity digital twins.
Undoubtedly, COVID-19 has forced
every industry to reexamine its work processes
and digital twins offer a framework
to reimagine the new world of work.
HP: What does the future
refinery/plant look like?
McCloskey: The future refinery/
plant will likely put sustainability at the
forefront: managing energy usage and
costs, optimizing process yields, and reducing
or eliminating safety-related incidents
will contribute to this goal.
The industrial world is progressing
through the transformation cycle that
retail and finance experienced 10 yr ago.
We are working with leading companies
in energy to increase operational efficiency,
unify their data and connect their
teams to realize Industry 4.0. Companies
like BP are using us to accelerate decision
making from weeks to hours and
optimize profitability throughout their
value chain.
The pandemic has accelerated our
conversations because everyone is under
pressure to cut OPEX and minimize
CAPEX and risk. Software can materially
affect how companies transform and
streamline their operations, and our customers
are working with us to lead them
through this period of change.
Inside intelligence
for the downstream
industry
Hydrocarbon Processing provides
cutting-edge operational and technical
information to improve plant reliability,
profi tability, safety and end-product quality.
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Hydrocarbon Processing | FEBRUARY 2021 | HydrocarbonProcessing.com
FEBRUARY 2019 | HydrocarbonProcessing.com
MATERIALS
MANUFACTURING
Hyper-duplex stainless steel can improve
duplex steel and Ni-based superalloy
Welded-plate heat exchangers cut refinery process costs
Fabrication of clad equipment and piping
MAINTENANCE
AND RELIABILITY
Resolve vibration problems
in a crude booster pump
Best practices in boiler
maintenance and replacement
PROCESS OPTIMIZATION
Feed nozzle effects on yields
and operation of FCCUs
VIEWPOINT
Shifting safety from cost to value
for oil and gas companies
HYDROCARBON PROCESSING
FEBRUARY 2019
MATERIALS MANUFACTURING
http://www.HydrocarbonProcessing.com http://www.HydrocarbonProcessing.com
HP March 2022 eBook—Energy Transition

Table of Contents for the Digital Edition of HP March 2022 eBook—Energy Transition
