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Productivity and profitability
Earlier this year Rockwell Automation announced a collaboration with Schlumberger , Sensia and Cognite to accelerate the evolution of FPSO facilities . Digital capabilities developed by the fourcompany coalition will improve the reliability , availability , safety , and efficiency of these critical assets - all while lowering the carbon footprint of their offshore operations .
The coalition integrates the entire data life cycle with targeted automation , analytics , simulation , and visualization capabilities to enhance efficiencies in FPSO performance . This results in optimized equipment utilization and energy consumption , improved safety , reduced risks of equipment failure and unplanned downtime , and betterinformed strategic decision-making .
FPSO vessels are significant operations with equally big challenges . At the project execution phase , time and cost targets can be elusive , forcing many oil and gas industry projects to run over budget and schedule . FPSOs may perform better than average , but their sheer size and scale mean that any cost or schedule overrun will seriously affect the project ' s financial performance .
During the operational life of an FPSO , a wide range of challenges can threaten productivity and profitability – from production losses because of suboptimal operations to unplanned downtime and operational incidents . FPSOs must be operated to their safe production limits to ensure profitability and a satisfactory return on investment despite limited maintenance capabilities . A further challenge comes from staffing , recruiting qualified , trained operatives , and dealing with the high turnover of operations staff . The added complication of sustainability and social responsibility concerns puts additional pressure on your business to better manage safety , security , and environmental risks .
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