Aker BP Lowers Operating Costs And Increases Productivity With Its Digital Transformation Initiatives

Published 13 August 2020 by Sebastian Winter & Malavika Tohani &

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Executive Summary

This report is one in a series which explores case studies around the adoption of operational excellence technologies and asset performance management solutions at prominent industrial firms. Many oil and gas asset operators rely on paper printouts for their jobs, which can lead to lost work time, delays to maintenance and therefore increase the incidence of asset failure. Aker BP, a Norwegian-oil and gas exploration firm, undertook a digital transformation initiative vis-à-vis its operations to increase productivity and lower costs. This initiative included a well surveillance system to detect early signs of well failure and provide alerts; a smart monitoring system that combines physics-based modelling and domain knowledge to optimize produced water disposal; an analytics-based method for calibrating multiphase flow meters (MPFMs); and a 3D model of its oilfields to reduce time spent on manual inspections and locating equipment. These initiatives are estimated to reduce Aker BP’s operating expenses by 15%, saving $22.5 million annually. 

Table of contents

Digital Twin And Asset Monitoring Platform Help Aker BP Achieve Asset Reliability And Safe Operations Digitization Initiatives 
Aker BP Integrates Worker And Asset Data To Create A Centralized Platform For Data-Driven Insights

Organisations mentioned

Aker BP, Cognite, Expert Analytics, Microsoft PowerBI

About the authors

Sebastian Winter

Industry Analyst

Sebastian is a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering industrial risk technologies, best practices and growth strategies. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Dow Jones Indices, and held positions in China, Brunei and Kenya. Sebastian holds an MSc in Environmental Technology from Imperial College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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