FutureOn: See More Opportunity and Bring More Ideas to Life

Organizations, regardless of the size and industry, are becoming digital converts, inspired by the transformations brought about by big data, advanced analytics, and machine learning. For a long time, the oil and gas industry lagged behind other industries to become digitally enabled. However, times have changed. While the wave of digital transformation sweeping over the industry and ushering in a paradigm shift, business leaders are pushing past their “comfort zone,” challenging themselves to speed up their efficiency and work smarter and faster. Evidently, the debate over whether or not to adopt new technologies into the business is quickly turning to a question of “when and how fast?” rather than “if?”.

Given the nature of the industry, the differing skills and roles across various departments or business units, the challenge in adopting new technology fast enough boils down to breaking down the data silos and enabling true collaboration and knowledge transparency. This is where FutureOn brings tremendous value, assisting oil and gas companies in harnessing the power of data and drive collaboration across all disciplines. “Engineers in the oil and gas industry spend 60 to 70 percent of their time just to retrieve data and information. With their conventional siloed and isolated way of working, they struggle to find the data they need and use the information in a sufficient way. Worse yet, their problems do not end there. The fact that the data and information is typically only available in spreadsheets or text format, the access is limited to certain specialists and is not generally available. At FutureOn, we set out to change this industry narrative. Engineers with various roles across disciplines and companies can access and share their specialized knowledge in a visual collaborative fashion to improve critical decisions in the development of the field,” says Pål Roppen, CEO, FutureOn.

As a part of EXP group with more than 15 years of experience providing state-of-the-art visual engineering content to clients worldwide in the oil and gas subsea domain, FutureOn brings in its cloud-based visualization and contextualizing software to solve these pressing industry challenges. Developed by a dynamic team of experienced entrepreneurs and senior professionals in visual design, software development, and oil and gas domain, the best-of-breed platform, FieldTwin, enables engineers to build and develop a new oil and gas field by using data from any relevant data source connected to the platform. With an aim to reduce companies’ time to first oil by reducing the discovery and development time, the platform helps users to visualize all the necessary data together in context in the correct co-ordinate location of the project. In doing so, FieldTwin ensures efficient data collection and allows all project stakeholders—both the specialized and the non-experts—to access, view, and review multiple study scenarios rapidly and identify collaboratively the best options. Taking digitization, visualization, and collaboration to the next level, FieldTwin is integrated with Field Activity Planner (FieldAP)—a cloud-based digital software—for enabling rapid visual workflows for offshore field development. The platform facilitates integration with the client’s existing backend systems and offshore engineering software.

Across the entire life-cycle of a field, FieldTwin creates and maintains a digital twin of the actual field as it evolves from concept to reality. This digital twin becomes an exact digital copy of the subsea field, including all relevant assets—which maximizes asset design and performance. With FieldTwin, companies looking to develop oil and gas fields are presented with integrated digital mapping for positioning the well on the exact geo coordinates of the project. The platform’s browser based dashboard provides access to a 3D asset library of subsea equipment and connectors depicting subsea installation structures and pipelines or other operational equipment such as vessels, rigs and FPSOs. All data sets can be assigned complex metadata for smart and accurate field design and planning. FieldAP users can access any data source or application integrated with the FieldTwin platform enabling true digital conversations between assets, data sources and applications.