FutureOn has created FieldTwin™, a Cloud-based data visualization platform built on an open API specifically designed for the Offshore Oil and Gas Industry. Through its open API, FieldTwin integrates with backend systems and engineering softwares to seamlessly integrate disparate data silos, reduce costs, improve asset management, and lower operational risks.
FieldTwin enables the subsea digital twin by unifying desperate data streams from engineering programs and other data repositories. By unifying data in a cohesive and visually dynamic way, operators and EPC companies are getting subsea fields from first concept to first oil faster. Significantly speeding up project time-lines, FieldTwin allows a rapid visual workflows for offshore field planning.
This year 2019, FutureOn’s FieldAP application — a FieldTwin platform application — won OTC’s 2019 Spotlight on New Technology® Award. Industry energy leaders such as Equinor, McDermott, and Subsea 7 rely on FieldAP to support their field development planning process — reducing both risk and saving time in their decision-making, while embarking on their companies’ digital futures.
“Being a Spotlight on New Technology Award winner is a coveted industry honor,” said Paal Roppen, CEO of FutureOn. “This award further validates FieldAP, our sector-savvy data visualization application which helps our customers significantly reduce the time to first oil.”
The Spotlight on New Technology Award is highly competitive, with submissions scrutinized and vetted by a panel of subject matter experts. “We are very proud, at this special Golden Anniversary of OTC, to present these 18 Spotlight on New Technology Award outstanding winners. They are proof that the highway of the future in offshore development is being paved by innovations,” said OTC 2019 Board of Directors Chairman Wafik Beydoun.