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FutureOn, the global energy software company, has today launched Collaborate – a digital project sharing forum, which offers open communication and engagement, enabling quick adaptability and accountability for teams across the energy sector and supply chain.

More than a data visualisation tool, Collaborate brings multiple contractors together in one space, benefiting operators and project teams by ensuring accessibility, integrity and real-time updates on integrated projects.

The latest addition to the company’s arsenal enables teams to problem solve complex challenges as they appear. The data analysis capabilities, multiple perspectives and the shareability of assets enables enhanced forecasting and troubleshooting for projects.

This means that both operators and engineering, procurement, and construction team members work on the same shared data model while ensuring secure granular access and control of users and data for all.

Collaborate is an optional application which can be added to the company’s award winning FieldTwin software – a cloud-based digital platform which creates and maintains a digital copy of a physical asset, enabling maximium asset performance and value. This technology acts as the foundation for the collaborative visual workflows between multiple stakeholders.

Last year, the Energy Systems Catapult and Offshore Renewable Energy Catapult launched an Offshore Energy Digital and Data Strategy taskforce, with the aim of creating a digital and data strategy spanning oil, gas and renewables. Collaborate is a prime example of digital innovation that will go towards accelerating and embedding technologies and digital solutions across the energy industry.

Jostein Lien, Senior Vice President of Product at FutureOn, commented:

“By establishing a two-way secure connection between stakeholders using the platform, we have enabled a real-time collaboration opportunity. This will be a revolutionary tool for our customers and their stakeholders as they manage projects around the world.

“We are seeing ambitious goals outlined for reductions in personnel on board, emissions related travel and more efficient technology as we progress toward net zero. Collaborate is the perfect project management tool to enable this, and we look forward to rolling it out to our existing and new customers.”

Last year, FutureOn announced a strategic partnership with Kongsberg Digital (KDI), the digital division of the Kongsberg Group, strengthening its position as a leading international digital twin software provider.

For further information please contact:

Amy Guyan, Communication Advisor, Aspect: The Strategic Communication Experts
amy.guyan@aspectreputation.com // +44 (0)7735 892413

About FutureOn

Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with cutting-edge visualization and collaboration technology enabling the energy industry transition to Net Zero.

FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.

FutureOn, the global software company specialising in the energy sector and creator of the award-winning, SaaS field design applications, FieldTwin Design and its API-centric collaboration platform, FieldTwin, has formed a strategic collaboration with global consulting and engineering leader Wood, to provide an enhanced service to its client base of global asset operators.

Wood’s expert technical services specialising in the early field development studies for subsea and ocean-based energy systems, will integrate with FutureOn’s unique field design applications, and proven API-centric collaboration platforms, resulting in significant efficiency gains across the design phase.

Having previously trialled FutureOn’s technology in 2019, the latest agreement will see Wood provide technical and integration services to operators using FutureOn’s software. In addition, the company will offer the software as part of its suite of technical services to new and existing customers across the world.

FutureOn’s open and collaborative approach to field design is based on data-rich 2D and 3D visualisations. The inclusion of metadata on assets and costs will enable reliable early-stage production and financial forecasts. It also provides a real-time visual blueprint of a field development allowing project teams and contractors to collaborate remotely, development of options at pace and a shared project workspace for timely delivery.

Looking to the future, Wood and FutureOn are committed to supporting the world’s major asset operators’ efforts to build a sustainable economic recovery from their existing infrastructure, optimising asset performance and extending productive field life whilst accelerating the move towards net-zero. The agreement will support these initiatives by combining the power of FutureOn’s FieldTwin technology for the streamlined design of renewable energy systems with Wood’s Automated Design product for pipeline systems that address key aspects of the global net-zero challenge.

Darrell Knight, Executive Vice President of Strategy and Partnerships, said:

“Wood has established excellent credentials having become the trusted consulting and engineering partner on the world’s largest and most complex energy projects. It is testament to the transformative impact of our collaborative web-based platform solutions that Wood has chosen to work with FutureOn.

“The collaboration is the perfect fit as we place the same importance on bringing innovation to the fore to solve the most critical challenges, including the improved communication and increased collaboration necessary to achieve the shortest possible path to energy generation, the best returns over the life of any asset, and minimising the impact on the environment. We’re looking forward to building on this collaboration, and bringing this new, integrated solution to our customers to support their goals.”

Matt Kirk, Senior Vice President, Specialist Engineering and Consulting at Wood, said:

“FutureOn is one of the best software solutions companies in the energy sector, and we are delighted to collaborate and serve the dynamic needs of our global client base. Asset operators everywhere are recognising the need to completely transform their existing infrastructure as part of the shift towards a net-zero future. Together, Wood and FutureOn will harness its collective expertise to help them make it happen.

“The opportunities to influence project economics and optimise the CAPEX on energy developments remains highest at the conceptual and early phases of a project. This collaboration brings together the smart and efficient field development visualisation delivered with FutureOn’s FieldTwin with the automated design and deep domain expertise from Wood. This powerful combination will provide faster and more predictable project outcomes for our clients.”

For further information please contact:

Amy Guyan, Communications Advisor, Aspect: The Strategic Communication Experts

amy.guyan@aspectreputation.com // +44 (0)7735 892413

About FutureOn

Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with our cutting-edge visualization technology.

FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.

FutureOn technology includes:

FieldTwin Design, a cloud-based digital platform that provides rapid visual workflows for early-stage subsea engineering work. Multiple data streams from geography to bathymetry, topography, existing infrastructure and other physical constraints can be combined with proprietary information such as reservoirs, wells and drilling to create an information-rich 3D visualization of any potential project location.

FieldTwin provides a visual representation of the entire life cycle of a field by creating and maintaining a digital twin — an exact digital copy of an oil and gas company’s physical asset — which enables producers to maximize asset performance and value.

www.futureon.com

FutureOn, the global energy software company, has today announced a strategic partnership with Kongsberg Digital (KDI), the digital division of the Kongsberg Group, strengthening its position as aleading international digital twin software provider.

The partnership will bring together FutureOn’s FieldTwin and KDI’s Kognitwin platforms, supporting a comprehensive approach for designing, building and operating digital twins for energy projects.

Central to the partnership will be a focus on energy transition through the development of digital twins for renewable projects. This will include emerging sectors such as offshore wind, green hydrogen and carbon capture solutions, where many oil and gas operators are seeking solutions as part of diversification strategies.

This new partnership fully complements FutureOn’s existing partnership with Bentley Systems (NASDAQ: BSY) and its iTwin® platform, and positions FutureOn as a leading provider of integrated digital twin technology to the global energy industry.

To support the partnership KDI will invest a total of $4.5M (USD) in a single tranche investment, and join Bentley Systems as a strategic minority investor.

The collaboration with KDI also enhances FutureOn FieldTwin’s ability to integrate with other solutions, positioning it as the digital twin platform of choice for energy companies. This adaptability and compatibility with legacy systems is critical to accelerating the uptake of digital twin technologies.

Earlier this year, Accenture listed digital twins as a top-five technology trend for 2021 and the technology is widely recognised as an enabler for emissions reduction and decarbonisation. This interest has been reflected in FutureOn’s customer success, with more than 15 leading international energy companies now using its digital twin technology, with several more now finalizing their decision to adopt the FieldTwin open API platform as a core component of their digital twin strategy.

Pål Roppen, CEO at FutureOn, commented:

“This new strategic partnership and investment from Kongsberg Digital enables us to continue providing streamlined and effective operations for our valued customers.”

“We are excited to bring together the powerful capabilities of KDI’s Kognitwin alongside our already strong partnership with Bentley Systems and its iTwin platform. This positions our award-winning FieldTwin solution as one of the leading integrated digital twin solutions in the global energy industry.”

FutureOn’s goal is to support its customers to achieve their net zero ambitions, using its data-driven, cloudbased platforms. By using FutureOn’s digital solutions, energy companies can gain significant efficiency improvement, create savings across CAPEX and OPEX and reduce the environmental impact of their operations.

Kongsberg Digital joins Bentley on the FutureOn Board as a strategic minority shareholder.

Hege Skryseth, President of Kongsberg Digital and EVP KONGSBERG commented

“We are very excited to contribute with our Kognitwin platform and invest in this forward-looking project together with Bentley Systems. By integrating our solutions with FutureOn’s FieldTwin platform, we will support energy innovation at the core and function as a digital accelerator of the energy industry’s shift towards net zero.”

Santanu Das, Chief Acceleration Officer, Bentley Systems said:

“The addition of Kongsberg Digital to our partnership with FutureOn is very promising. Over the past year, FutureOn has made significant progress leveraging our open iTwin® platform to accelerate FieldTwin solution development for offshore energy and renewables projects. We look forward to collaborating with both FutureOn and Kongsberg Digital in the development of open, user-focused digital twin solutions.”

For further information please contact: Amy Guyan, Communication Advisor, Aspect: The Strategic Communication Experts amy.guyan@aspectreputation.com // +44 (0)7735 892413

About FutureOn

Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with cutting-edge visualization and collaboration technology enabling the energy industry transition to Net Zero.

FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.

About Kongsberg Digital

Kongsberg Digital, a subsidiary of KONGSBERG, is a provider of next-generation software and digital solutions, to customers within maritime, oil and gas, and renewables and utilities. The company consists of more than 500 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation and autonomous operations. Kongsberg Digital is the group-wide center of digital expertise for the KONGSBERG group.

About Kongsberg

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering missioncritical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

FutureOn, the global software company specialising in the energy sector, has designed a tool for the next-generation energy engineer that will impact project economics across the full lifecycle.

FieldTwin Design 6.0, previously FieldAP, provides oil and gas, offshore renewables and emerging sectors with the muscle of unrivalled spatial representation, intuitive navigability and meaningful, data-rich intelligence from concept through to decommissioning.

Proven benefits of the expanded and upgraded FutureOn digital planning concept, built on more than 20 years as an indispensable energy industry tool, are significant across field design, well planning, pipeline engineering and beyond.

These benefits include improved efficiencies when planning new assets, maintenance and modifications; reduced costs compared with traditional design approaches; and visibility at the earliest project stages, minimising the need for late-phase revision, redrafting and/or correction.

Also key is increased flexibility around environmental drivers – pushing down emissions or avoiding a sensitive area, for instance – while enabling increased collaboration across project teams, operators and contractors.

Further value is provided by seamless transfer from the design stage into ground-breaking digital twin capabilities, with all that means for increased savings of both time and money.

Maximum opportunity, tight margins

The pace of change in the oil and gas industry has been accelerated by an unprecedented combination of events: the Covid pandemic, weakening demand and the drive to net-zero. Investment in upstream was slashed over the last two years and, according to a report from Rystad Energy, is not expected to return to historic levels until mid-decade, if then.

For operators working in this constrained environment, FutureOn believes that establishing a detailed, early and comprehensive understanding across all project parameters, and maintaining that position over the entire lifecycle, is crucial to success.

FieldTwin Design offers users the tools required to access the right information, to leverage that data to specific ends, and the experience to enable optimal results.

Building blocks of success

FieldTwin Design 6.0 offers a powerful new 3D engine, feature-rich user interface and industry-leading data/metadata integration. The result is a cutting-edge – yet proven – design and digital twin package that is easier, cleaner and more responsive to use.

Highlights include:

• Powerful and game changing 3D Engine – the core of FieldTwin Design 6.0 offers a massive speed optimization for large and complex field and subsurface layouts
• More efficient User Interface – a streamlined control system creates a more productive digital platform, and the ability to achieve meaningful results in a fraction of the time
• Increased visual fidelity – details including field infrastructure, reservoirs, bathymetry and granular representation of wells, as well as associated metadata, are incorporated into live 3D map rendering
• Flexible workspace – added functionality such as dockable windows, improved toolkits, and increased controls offers high-level, intuitive and personalised interaction within the 3D landscape
• Bigger data – multiple integrations from third-party packages will provide operators with an enriched experience that encourages high-level, collaborative understanding across field planning, project management, economic modelling and compliancy

“FieldTwin Design 6.0, previously FieldAP, is a multi-functional and intuitive product that features more muscle, more heart and a bigger brain,” said Jostein Lien, Senior Vice President of Products at FutureOn.

“From initial concept through to operations and decommissioning, our design and digital twin package will help to speed savings and minimise time to first oil while providing increased control and encouraging maximum collaboration from the earliest stage,” he added.

About FutureOn

Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with our cutting-edge visualization technology.

FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.

FutureOn technology includes:

www.futureon.com

FutureOn, the global software company specializing in the energy sector and creator of the award-winning SaaS field design applications, FieldAP, and its APIcentric collaboration platform, FieldTwin, has been awarded a contract from Aker BP.

The contract which is in place until April, will see Aker BP adopt FutureOn’s transformative digital twin software to digitize their workflows within Concept Development ad Field Development Studies.

FutureOn’s unique field design applications, proven API-centric collaboration platforms and digital twin technology, will allow Aker BP to visualize subsea data, map the design of digital twin fields, and foster greater digital collaboration across engineering and project management disciplines during the subsea field development stage.

Paal Roppen, CEO of FutureOn, commented: “We are pleased to secure this significant contract with Aker BP, and that FutureOn is able to support the operator’s continued drive for increased digitalization.

“The impact of our applications is transformational, and will provide a working blueprint for the field development where design changes are instantly reflected across the entire project workscope, updates are communicated across the globe in real-time to all involved parties, which will ultimately minimize mistakes and control risk.”

For further information please contact: 

Karen Clark, Senior Communications Advisor, Aspect Reputation Management

Karen.clark@aspectreputation.com // +44 (0)7309064256

About FutureOn

Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with our cutting-edge visualization technology.

FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.

FutureOn technology includes:

FieldAP, a cloud-based digital platform that provides rapid visual workflows for early-stage subsea engineering work. Multiple data streams from geography to bathymetry, topography, existing infrastructure and other physical constraints can be combined with proprietary information such as reservoirs, wells and drilling to create a information-rich 3D visualization of any potential project location.

FieldTwin provides a visual representation of the entire life cycle of a field by creating and maintaining a digital twin — an exact digital copy of an oil and gas company’s physical asset — which enables producers to maximize asset performance and value.

www.futureon.com