26-27 MAY 2021 POST-EVENT REPORT FUTURE DIGITAL TWIN The inaugural Future Digital Twin 2021 conference, organised by Cavendish Group International, 2021 EVENT gathered more than 1,000 oil, gas and energy professionals from over 600 organisations in 75 countries around the globe on 26–27 May 2021. HIGHLIGHTS During the two-day conference, an incredible line-up of operators – including Shell, Equinor, Petrobras, Aramco Overseas, bp, Chevron, Eni, and Repsol – suppliers, technology companies, and digital experts offered insight and guidance on incorporating a digital twin and ensuring best practice throughout the product lifecycle. "I believe digital "In the end, the twin will be the game "We aim to fully question is not whether we "Digital twin is no longer changer that it has a promise decarbonise the Humber region will build a digital twin, use IoT, a tool for incremental to be. But that can't happen in a by 2040, which is a huge step as it or use a neural network. The point improvement but a transformative technological bubble. It has to be is the UK's largest emitter of carbon is that the development of these technology with powerful potential. linked to how it will change the way dioxide solutions is always connected to people work varying degrees Shane McArdle, Steinar Eikaas, VP Low Carbon SVP Digital Energy, Lee Hodder, VP Upstream Digital Solutions, Equinor Robert Da Silva Bressan, Kongsberg Digital Transformation, Shell Subsea Automation & Digital Solutions, Petrobras FUTURE DIGITAL TWIN 2021 THANK YOU VIRTUAL CONFERENCE I feel very honoured on behalf of Cavendish Group to have welcomed the My research has highlighted the problems board leaderships have in oil & energy industries to the first ever Future Digital Twin conference and understanding the full value and integration of a digital twin coupled with the first ever virtual version to take place as part of our continued growth the transition of agile adoption to manage this process. Oil companies of the Future brand. It is fantastic to bring our community together once have been used to operating in a far more structured manner with decision more for what seems to be a bumper year of technology adoption. We making made from the top-down, but the inclusion of technology redefines are incredibly honoured to have such a strong line up of operators, oil how we run an organisation where workflows are suddenly changed using companies and technology innovators contributing to the programme. systemised rules to include the many not the few and developing clear platform strategies accessible to all. It is essential that we contextualise I would like to thank our key partners and sponsors who have continued and integrate data to a high standard before we even begin to layer in to offer us tremendous support and value. We have had comprehensive Machine Learning, IoT, AI and Edge Computing. feedback from real thought leaders. I would also like to extend our gratitude to the Future Digital Twin advisory committee who have helped At Future Digital Twin we attempted to define a clear “digital twin shape the theme of the agenda. roadmap” to offer clarity and understanding; to assess the capital potential and measure cost over scale. There needs to be a clear message both on The aim of Future Digital Twin is to break down the communication silos short term evaluation and long term assessment; Do we hire skills from and offer transparency on the challenges, opportunities and value that outside or do we build from within? I hope the conversations at Future brings to an oil company. Developing a digital twin concept is complex Digital Twin provided context and clarity for companies looking to develop but the facts suggest that the financial rewards make it a worthwhile their own digital twin roadmap. investment. Sincerely, PerhWe can all agree that digital twins are here to stay throughout the E&P journey but what are the best ways of demonstrating value and quick Adam Soroka gains through this integration? And what success criteria can be used Managing Director to indicate that digital twin objectives have been achieved? These are commonly asked questions from the operators who intend to adopt them. Cavendish Group CLICK TO VIEW ON DEMAND CONTENT FROM THE CONFERENCE Newly launched Future Digital Twin demystifies technology The inaugural Future Digital Twin 2021 conference, organised by Cavendish Group International, gathered more than 1,000 oil, gas and energy professionals from over 600 organisations in 75 countries around the globe on 26–27 May 2021. The latest Future offering from Cavendish, Future Digital of Cavendish Group, said: "The aim of Future Digital stage concept selection through simulation to production Twin, was launched as a direct response to the high level of Twin is to break down the communication silos and offer optimisation and predictive maintenance. But the company is delegate interest generated during the digital twin technology transparency on the challenges, opportunities and value that still in the early days, he said. streams at Future Oil and Gas in December 2020 and Future digital twin technology brings to an oil company. Developing "We're monitoring more than 6,000 pieces of equipment Downstream in March 2021. the digital twin concept is complex, but the facts suggest that in real-time across our upstream, downstream manufacturing During the two-day conference, an incredible line-up the financial rewards make it a worthwhile investment. and integrated gas businesses, and we've enabled over 5,000 of operators – including Shell, Equinor, Petrobras, Aramco "I think we can all agree that digital twins are here to stay workers on the front line with tablets through our connected Overseas, bp, Chevron, Eni, and Repsol – suppliers, throughout the exploration and production journey. It is clear, worker programme. We've ingested about three trillion rows technology companies, and digital experts offered insight and though, a digital twin is only as good as the value that we of data in our data lakes." guidance on incorporating a digital twin and ensuring best want to get out of it or the effort we put into it." Sharing lessons learned, he encouraged companies starting practice throughout the product lifecycle. In the opening keynote speech, Shell's Vice President of or that have already begun their digital twin journey to "be With 12 incisive panel sessions, 11 informative Upstream Digital Transformation, Lee Hodder, set the tone outcome-focused. Think how can digital work end-to-end? presentations and 11 workshop breakout sessions, Future for the two days by taking delegates through the company's How can it help data move from an end-to-end workflow Digital Twin examined how a company creates a digital twin digital twin journey. He focused on what the technology perspective?" identity, the behaviours required in exploring innovation, and means for Shell's upstream business as it approaches the With complex data flows, he stressed the importance of implementing a collaborative and productive working culture. challenges and opportunities of COVID-19 and the double getting the right data in the right hands at the right time to Stories were also shared on how adopting a digital twin transformation the upstream industry is going through: enable better decision-making. Partnerships and collaboration can drive decarbonisation and help combat cyber-attacks, digitalisation and the energy transition. are a must. And technology is vital, he said. extracting value, and most importantly, how to get started. For Shell Upstream, the digital twin will become the "I believe digital twin will be the game changer that it has In his welcome address, Adam Soroka, Managing Director centrepiece of the asset, enabling everything from early- a promise to be. But that can't happen in a technological and NortH2. Steinar Eikaas said: "There's a lot of exciting industrial developments in the North East of England. We aim to fully decarbonise the Humber region by 2040, which is a huge step as it is the UK's largest emitter of carbon dioxide." It's clear that digital technology is a key enabler for Equinor to develop into a broad energy company. And projects like Norway's Northern Lights believe data sharing can play an important role in building trust in the technology and unlocking value and innovation potential in the clean energy industry. "I predict digital twin will transform from a technology into an ecosystem. This will eliminate the need to decide ‘do I buy it or build it?" Philip Black, PE, Global Emerging Solutions Lead, Digital and Technology, Wood bubble. It has to be linked to how it will change the way intentions are to leverage the digital twins to navigate a very Robert da Silva Bressan said: "Computer vision already has people work and how we improve the capability within fast-changing future." a big role in the maintenance of surface assets, but not yet in organisations like Shell. It really is a case of culture beating At Kongsberg Digital, "we see four main pillars playing subsea systems. In the end, the question is not whether we strategy." a prominent role in digital twin today and in the future: will build a digital twin, use IoT, or use a neural network. The Advisory Committee member and Senior Vice President digitalisation, scalability, collaboration, and decarbonation", he point is that the development of these solutions is always for Digital Energy at Kongsberg Digital, Shane McArdle, said. These four words resonated throughout the conference connected to varying degrees. It is useless to think of building said: "The Advisory Committee aimed to intrigue and inspire and breakout sessions both days, with many conversations these decision support tools as isolated fields.