Siemens executives will discuss how digitalisation and technological innovation are making oil and gas operations safer, more efficient, and more reliable, during Oman’s Oil and Gas Exhibition and Conference (OGWA) 2018, starting today. The company is demonstrating how its digital solutions and services can help the industry reduce costs and enhance operational efficiency.
In the future, offshore platforms are to be increasingly controlled and operated from remote onshore locations. With oil and gas companies producing large amounts of data from hardware and process-related activities, operators increasingly need to collect and convert data into real-time knowledge for faster, smarter decision-making.
“Today the oil and gas industry face a number of challenges, including a potentially ‘lower for longer’ price of oil and gas, intense competition, the need to reduce CAPEX and OPEX, ageing assets, the effective management of large amounts of data as well as cyber security concerns,” said Jean-Claude Nasr, senior executive vice president of power generation in the Middle East at Siemens.
Siemens’ main booth at the event will include a series of scheduled expert dialogues, where the company’s executives will discuss key topics and trends in the industry via live demonstrations. These topics include digitalisation, production optimisation, automation and cyber security. Additive manufacturing will also be a focus of Siemens’ participation at the show.
On the data analytics front, Siemens will demonstrate its software solutions aimed at the broad oil and gas value chain – from automated process analysis to seamless data integration, remote monitoring, preventive maintenance and simulated training.