DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that will prove whether the data generated by digital twins can be trusted, and if the technology is delivering value.
DNV GL is developing and testing a methodology for the qualification of digital twins which will provide that assurance, and ultimately encourage wider adoption of the technology in the oil and gas sector. An initial partnership with TechnipFMC has led to the creation of the pilot, which is now being opened to the wider industry.
Digital twins are a rapidly developing technology widely expected to become a significant contributor to the future management of major industrial sites. The digital twin market is estimated to grow from USD 3.8bn in 2019 to USD 35.8bn by 2025.
DNV GL’s Technology Outlook 2030, a research report identifying transformative technologies in key industries, highlights a digital value chain run by machines and algorithms as a prevailing trend for the oil and gas industry in the decade ahead.