Startups Leveraging Digital Twins to Revolutionize The Oil and Gas Industry

By Mwikisa Kanguya

Digital twins are revolutionizing the oil and gas sector at a time when accuracy and efficiency are critical. By enabling real-time monitoring, predictive maintenance, and data-driven decision-making, these virtual representations of actual assets, procedures, and systems drastically save operating expenses and downtime. At the vanguard of this technology transformation are startups, who are using digital twins to optimize supply chain management and drilling operations. These creative companies are not only simplifying conventional procedures by combining advanced analytics, IoT, and AI; they are also reinventing the future of energy generation in a world that is changing quickly.

Startups’ agility, inventiveness, and capacity for rapid technological adaptation put them in a unique position to spearhead this change. These disruptive enterprises are able to quickly design and implement bespoke digital twin solutions that are suited to particular operational difficulties, unlike traditional oil and gas giants that are constrained by old systems.

Startup Using Digital Twins to Revolutionize The Oil and Gas Industry

Akselos

Thomas Leurent founded Akselos, a Structural Performance Management (SPM) software company that is transforming asset performance and integrity in sectors like wind power, offshore oil and gas, and petrochemicals. With the help of their state-of-the-art, physics-based simulation technology, businesses can increase asset output, reduce downtime, and prolong operational life in real time.

Cognite

Established by Fredrik Anfinsen, Cognite is a business that provides industries with AI-powered solutions to promote digital transformation and boost operational effectiveness. Cognite Data Fusion®, the company’s flagship platform, offers scalable and secure solutions for managing complex industrial data, enabling data-driven decision-making, and building digital twins. To maximize maintenance, performance, and safety across a variety of industries, including manufacturing, power, and energy, Cognite’s novel solution combines cutting-edge AI, data contextualization, and industrial knowledge graphs.

Fugro

Under the direction of Mark Heine, Fugro supports subsea and geographic asset management with digital twins. By improving the monitoring of pipelines, offshore platforms, and renewable energy assets, their digital solutions help to make operations safer and more sustainable.

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