Members’ comment: From the EIC
increase in the use of modular designed systems pre-engineered, pre-tested and certified. This will allow a shift from a current sequential engineering/ construction model to a parallel integrated workflow from design and across multiple fabrication geographic locations. We will also see an increase in the expected longevity of offshore platforms. Lower cost lifecycle management is anticipated while maintaining an ability to quickly modernise, re-task and re-locate assets with reduced down time. Modular and flexible infrastructure design will become more prevalent to achieve easier and more cost-effective mission flexibility and modernisation. Furthermore, the future will include a larger reduction in hot work and remedial welding making for a cleaner and safer environment not polluted by fumes, air contamination and equipment hazards.
With financial controls in the oil and gas market becoming ever tighter, management of assets is becoming more and more critical. This means making equipment easier to maintain while also managing its asset life and maintenance, repair and overhaul planning. Emergency shutdown (ESD) valves are one of the most safety critical devices
Advanced imaging
Autonomous smart machines
Blockchain
Cognitive computing
Connected vehicles Basic machine learning Machine vision AR/VR – mixed reality
Quantum computing
Deep (machine) learning Advanced 3D scanning
LiFi
Advance display (eg. holographic)
Quantum sensors
Autonomous vehicles Adiabatic quantum computing
Smart PPE
Body-mounted sensors
Cobots
Self-healing machines
AR: augmented reality LiFi: light fidelity PPE: personal protective equipment VR: virtual reality WiFi: wireless fidelity
act tor imp
Global Product Manager at IMI Precision Engineering
The energy industry is already making use of horizon one and two technologies. The third horizon is just now taking shape while fourth horizon technologies are just starting to be understood. Source: BP technology Outlook 2018
ec rgy s l ene
Richard Harvey
TECHNOLOGY OF TOMORROW: THE FOUR HORIZONS OF CHANGE
ia ent Pot
Hilti is excited to support the global offshore industry to reduce the cost of engineering, construction and operation of assets with its innovative solutions, software and engineering, and logistics support services. Hilti EXHIBITING provides multi-discipline AT OTC 2019 modular systems and HALL D, fastening applications STAND for EI&T, piping, 1339-G specialities, catwalks, raised floors and false decks.
rate and valve closing time. As the on an oil and gas plant, yet are one of technology advances it will be possible to the most difficult and costly items to extrapolate these parameters from partial manage with regard to maintenance and stroke testing, taking online ESD valve replacement. Understanding their diagnostics to a position only normally performance can bring significant financial associated with electric actuators. benefits, but there are very few options Only when this is available will operators be available to operators to perform these able to finally manage safety critical assets in a tasks. Devices currently exist that monitor manner that market forces are demanding. the instrument pressure in the actuator and the valve position to determine that the valve is moving and provide graphical data. However, these graphs can be difficult to understand and do not provide much in the way of real-world valve data. The future to this problem lies in using A division of IMI plc, IMI Precision advanced algorithms to perform analytics Engineering specialises in motion and on this data. This will make it fluid control technologies for critical possible to analyse critical applications and arduous operating performance criteria of a valve, EXHIBITING conditions. The company’s AT OTC 2019 including parameters relating to products are relied upon across HALL D, valve breakout torque, valve a range of sectors, including oil and STAND running torque, actuator margin, gas, chemical, power generation, 1339-K actuator spring force, valve industrial automation, commercial closing speed, solenoid valve flow vehicles, rail and life sciences.
Optical computing
Power over WiFi
Bio-chips
Horizon 1 Available in the energy sector today
Horizon 2 Available and used in adjacent industries
Underpinning digital technologies Sensors; simulations; big data; optimisation; high speed connectivity, wieless; 5G; cybersecurity
Horizon 3 Developing in other industries
Horizon 4 Early-stage technologies
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