Two O&G and Tech industry giants, GE Oil & Gas and Technip, have entered into a preliminary agreement for a “joint project to explore area to co-develop digital solutions for the Liquefied Natural Gas (LNG) industry,” according to a release.
“This partnership is a milestone for the oil and gas industry’s digital journey,” said Rod Christie, president and CEO of GE Oil & Gas’ Turbomachinery Solutions division. The two companies will collaborate to “evaluate the application of digital solutions” surrounding the engineering, construction, commissioning, startup and operation of LNG facilities.
Christie added, “Combining our complementary areas of expertise allows us to explore new digital capabilities for LNG that can be applied from the design and build phases all the way through to the operational phases. By embedding digital thinking at the very beginning of project development, we are truly building the digital future of oil and gas.”
Having signed a Memorandum of Understanding, the solutions considered by the joint venture “would encompass Technip and GE Oil & Gas expertise in digital tools and be powered by Predix, the world’s first and only cloud-based operating system built exclusively for industry by GE.”
“We are entering this partnership with the same pioneering spirit … when Technip built the world’s first LNG plant,” said Nello Uccelletti, president of Technip’s Onshore Offshore division. “This marks the next era of digital application development for the oil and gas sector,” said Matthias Heilmann, chief digital officer for GE Oil & Gas.
“While we’re seeing digital solutions grow in operations, digitizing the design and build phases of projects will unleash an entirely new set of opportunities. Expanding digital into planning phases will enable operators to optimize machines, facilities and operations from the very start. This will provide tremendous speed in execution, shortening project delivery schedules,” Heilmann continued. Click here to read the original press release and find out more about the joint venture.