Digitisation hailed as a major engine of energy innovation
Times News Service
Muscat: Digitisation has been hailed as the engine of energy innovation, on the side lines of the recent Oman Oil and Gas Exhibition and Conference by Schneider Electric, the leader in digital transformation of energy management and automation, with Salim Nasser Said Al Aufi, the Undersecretary of Oman’s Ministry of Oil and Gas.
Oman’s energy firms are under increasing pressure to adjust to the “new normal” of lower oil prices, bring innovations to market faster, and ensure safety and cybersecurity. By breaking down silos and sharing data digitally, energy firms can enable digital oilfields to enhance energy efficiency, safety, reliability, and innovation.
“Oman’s National Energy Strategy and Vision 2040 show how digital transformation can drive energy growth and energy efficiency,” said Quote from Georges El Mir, Vice President Oil and Gas for Europe and Africa, Schneider Electric.
Showing the strong digital oilfield opportunity, 73 per cent of upstream oil and gas companies worldwide expect to become fully digital by 2022, according to a recent report by Accenture.
“The Sultanate’s oil and gas firms are posting strong interest in digitally sharingdata – from oil wells, refineries, and pipelines –to overcome challenges, and optimise costs, production, and operations,” said Sridhar Sharma, General Manager – Oman, Schneider Electric.
In Oman, Schneider Electric is exchanging best practices from 20 of the world’s largest oil and gas companies running solutions on the EcoStruxure architecture. Energy firms are developing digital oilfields by joining together Internet of Things innovations across sensor data, mobility, cloud, analytics, and security.
Event attendees are experiencing the latest EcoStruxure solutions, including Asset Advisor for electrical distribution, Profit Advisor for optimising operations, and RefineryWise for refinery operations excellence.