Offshore: Digital Twinning & Reduced Operating Cost Offshore

The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years. This has left the industry facing the dual challenge of ensuring successful and safe working conditions and practices for employees while maintaining the economic viability of assets.

How can operators maintain, or even raise, safety standards and address maintenance challenges while reducing cost?

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