DNV GL proposed the Probabilistic Digital Twin (PDT) to close the gap between digital twins—used increasingly by operators to manage the performance of their assets—and risk analysis still largely conducted manually before assets enter service.
The Probabilistic Digital Twin concept was unveiled at Offshore Europe 2019 on Sept. 5 by Dr. Frank Børre Pedersen, program director oil & gas at DNV GL’s Group Technology and Research unit and senior research scientist Dr. Andreas Hafver.
A digital twin is a digital “mirror” of a physical asset, including models of its structure and dynamics which are updated through a combination of multiple data sources. They bring significant benefits for data management and decision making, providing a consistent, accurate single source of information.
Risk models are rarely brought forward into operations—they typically exist separately within engineering, operations and health and safety disciplines—and are mostly used in desk studies, based on analyzing historical data and offering only a static picture of potential risks.
In reality, risk is dynamic, varying in time with operational conditions and the condition of the asset, but this is not captured by current risk models which are seldom updated and lack real-time and prediction capabilities.
“Our proposed Probabilistic Digital Twin is designed to bring risk analysis into ‘live’ use. Their creation would add a layer of probabilistic risk modelling to existing digital twins, capturing uncertainty, the effect of new knowledge and actual conditions on operational performance and safety.,” Liv A. Hovem, CEO, DNV GL - Oil & Gas, said.
“By providing a more up-to-date and asset-specific risk picture, a PDT allows operators to adjust operations or take preventive actions to maintain an acceptable risk level at all times. This will enhance safety and reduce expensive downtime,” she added.
A PDT may include reliability and degradation models to predict the remaining lifetime of mechanical components. However, it is more than a predictive maintenance tool. Risk is not only about component failures, but also about exposure to hazards and how the asset is operated. A PDT can say something about the overall impact on safety, by combining reliability models with models of the hazard exposure and the consequences if something goes wrong.
Ovintiv, formerly known as Encana, said it has shaved more than $1 million off drilling and completion costs in the Stack shale play.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.