Page 75 - BENTLEY SYSTEMS PR REPORT - NOVEMBER 2023

11/22/23, 2:53 PM Digital technology is key to addressing energy mix
said companies are now reusing offshore platforms as wind farms. "It all adds up. They can be used more efficiently, and keep
the lights on at the same time," he said.

Bentley's asset management portfolio can be called state-of-the-art considering that it helps companies manage asset from
an engineering perspective, for better performance and reliability. Explaining what it does different, Kiraly said that while
platforms such as Maximo or SAP determines factors like location and last activity details, Bentley addresses the history of
an asset – it's fit, form and function from an engineering standpoint, and brings that to bear on a subset of all the assets. For
example, Bentley AssetWise has the capacity to cover the management of as many as 250,000 components in a refinery.
The company's approach has always been to find a middle ground for both engineering and operations. "It has added a new
dimension to how people think about managing an asset," said Kiraly.

AssetWise brings in the dicipline to keep asset data right, covering the area of data quality clean up and data alignment as
well. It conducts surveys, geospatially or otherwise, to figure out if data from all sources involved are accurate.

The company's focus has been on achieving efficiency of managing the assets. Stating an example Kiraly said that while
serving on a deepwater project by Shell, Bentley took into account how to be well-equipped to access even the unsafe spots
of the asset. It involved generating miles of cables for seamless connection and aligning them. The project was successful
and gave way to fruitful experiments on lesser sophisticated assets as well.

Rock stressed on the significance of what Seequent is doing on the subsurface space, empowering companies with the
confidence to safely tackle unforeseen events and go ahead with a project following underground inspection. "On the software
side, we're trying to enable efficiencies and reduce all kinds of risks," he said.

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