Roadmap to a digitally born asset in the New Energy era: gaining operational excellence and sustainable long-term value in asset management decision making

Abstract

The energy sector stands at a crossroad of technological advancement, yet its journey towards digitalisation has been conservative compared to other industries such as manufacturing, medical, etc. This hesitance stems from various challenges such as risk assessment, operational expenditure constraints, regulatory barriers and market volatility. However, the key to unlocking the potential of digital transformation lies in aligning business strategy, technology infrastructure and organisational culture. This abstract presents insights from a seminar focused on navigating the complexities of digitalisation in the energy sector. It emphasises the importance of value-based approach, technological integration and organisational alignment in achieving comprehensive digital solutions. By engaging technology consultants and embracing a digital performance model, operators can identify critical use cases, optimise processes and drive operational efficiency. Central to this model is the concept of decision effectiveness, which drives business performance. Through the integration of high-quality data and digital architectures, organisations can accelerate decision-making processes, enhance operational performance and achieve scalability. Leveraging digital technologies enables operators to scale best practices, foster open ecosystems and balance energy demands with production reliability. Moreover, the paper highlights the benefits of digital twins in addressing reliability and asset performance issues, offering insights into real-world use cases and demonstrations. From streamlining maintenance to enhancing asset reliability and operational resilience, the seminar provides a roadmap for embracing a digital future in midstream operations. In conclusion, this is a catalyst for change, offering actionable strategies and innovative solutions to propel the energy sector into a new era of digital excellence.