The collaboration between Shell and Equinor is expected to entail co-innovation across the whole value chain, such as maintenance, production optimisation and supply chain management, within areas like exploration, subsurface, data science, artificial intelligence and 3D printing, according to a press release from Equinor.
Torbjørn F. Folgerø, chief digital officer in Equinor ASA, says that “We are already collaborating closely in the Open Subsurface Data Universe (OSDU) initiative and see many mutual benefits as both companies have applied cloud-based digital solutions as an approach to our industry’s digital transformation.”
“Such collaborations are increasingly important to strengthen safety, reduce carbon emissions and realise value by applying digital technologies,” Folgerø continues.
According to Equinor, the company recently increased its 2025 improvement ambition by 50%, from 2 to 3 billion USD mainly due to scaling digital solutions across their global portfolio faster than expected contributing to increased production as well as reducing maintenance, drilling and facility cost.
Equinor also says that the speed of implementation of new digital solutions has already delivered a cashflow impact of more than 400 million USD in 2019. This is mainly due to the earlier start-up of Johan Sverdrup and increased uptime on assets connected to our integrated operations centre.
Lise Andreassen Hagir, press spokesperson at Equinor, says to expronews.com that a further concretization of the topics in the collaboration will be part of the way forward.
At the DigEx 2020 conference in Oslo on January 28, Phillip Jong from Shell gave a talk on the large-scale collaboration with the OSDU initiative. David Wade, Principal Developer Data Science in Equinor, gave a talk entitled Embracing open source data, targeting Equinor’s policy on open-source for all developed software.