Page 16 - AsianOil Week 10 2023

AsianOil NEWS IN BRIEF AsianOil
autonomous and sustainable" Floating responsibility to take action towards marks Shearwater's third project for the
Production Storage and Offloading (FPSO) achieving net-zero carbon emissions. Emon South Korean national oil and gas company.
solutions. The adoption of digital twin Zaman, Asia Pacific Senior Vice President Shearwater CEO Irene Waage Basili stated
technology will enable Yinson to operate its at AVEVA, said that they are committed that the company is proud to have been
FPSO with minimal human involvement, to helping their customers and partners chosen again by KNOC for an important
paving the way for fully autonomous unlock the benefits of digital transformation survey in South Korea and looks forward to
solutions. Yinson's partnership with AVEVA to drive operational efficiency and delivering fully processed geophysical data
builds upon their existing collaboration, sustainability. By developing autonomous to the client, while supporting KNOC in
where AVEVA PI System is already and sustainable FPSO solutions, Yinson ensuring national energy security. The start
implemented on FPSO assets in the Yinson will benefit from enhanced visibility of date for the survey has not been announced.
fleet, and AVEVA Engineering tools are integrated engineering and operational data, The award of this contract highlights
leveraged for design and construction. improved critical decision-making, and help the growing demand for energy security
Digital twin technology involves creating Yinson realize its vision of becoming carbon in South Korea. The country's dependence
a virtual replica of a physical asset, which neutral by 2030 and net zero by 2050. on imported fossil fuels has been a major
can be used to model and optimize the In summary, the partnership between challenge, which has led to a push for
asset's performance throughout its entire Yinson and AVEVA represents a step increased domestic exploration and
lifecycle. By combining AVEVA's software forward in developing fully autonomous production. South Korea is among the
with Yinson's expertise in FPSO design and sustainable FPSO solutions. By largest importers of liquefied natural gas
and operations, Yinson will enhance leveraging AVEVA's software and domain (LNG) globally and has been actively
its operational strategy and optimize expertise with Yinson's FPSO expertise seeking to diversify its sources of energy. In
efficiencies by utilizing analytics, machine and extensive data sets, the partnership addition, South Korea's Ministry of Trade,
learning (ML), and artificial intelligence will enable Yinson to operate its FPSO with Industry and Energy announced plans in
(AI) to enrich the digital twin across the minimal human involvement, and pave the 2020 to invest KRW 114.6bn ($99m) over
entire asset lifecycle. way for fully autonomous solutions. The the next five years in developing domestic
adoption of digital twin technology will oil and gas resources.
The adoption of digital technologies will enable Yinson to enhance its operational Shearwater's expertise in marine seismic
be crucial to accelerate the implementation strategy and optimize efficiencies by surveys has made it a go-to contractor for
of sustainable operations across all utilizing analytics, machine learning (ML), companies seeking to explore and develop
industries, according to Yinson Production's and artificial intelligence (AI) to enrich the offshore energy resources. By leveraging
Chief Executive Officer Flemming digital twin across the entire asset lifecycle. advanced geophysical imaging technologies
Grønnegaard. He said that this partnership and methodologies, the company is able
will allow Yinson to create a sustainable, to deliver accurate, high-quality data that
differentiated offering that can pave the Shearwater GeoServices bags enables clients to make informed decisions
way for an industry-wide shift to safer, about their exploration and production
more sustainable, low carbon operations. 3D survey contract offshore activities. The award of this contract further
Autonomous technology can greatly strengthens Shearwater's position in the
enhance the energy and resource efficiency South Korea market and underscores its commitment
of assets, while significantly lowering to helping its clients achieve their energy
emissions. Furthermore, autonomous Marine seismic survey contractor, security goals.
technologies can reduce human error and Shearwater GeoServices, has been awarded
manual intervention, leading to stronger a contract to conduct a 3D streamer survey
safety and environmental performance. offshore South Korea by Korea National
The partnership between Yinson and Oil Corporation (KNOC). Although the
AVEVA aims to address the industry's value of the contract was not disclosed, it

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