UAE-based offshore oil rig builder Lamprell and digital twin solutions provider Akselos have signed an exclusive memorandum of understanding (MoU) to collaborate on digital projects.
Lamprell said on Wednesday that, under the terms of the MoU, it would be able to offer its customers a solution combining Akselos’ high-fidelity finite element solutions with Lamprell’s EPCI capabilities and digital solutions in the asset integrity space.
According to the company, this will cater for clients predominantly in the Middle East and North Africa (MENA) region as well as Lamprell-managed projects worldwide.
Christopher McDonald, CEO for Lamprell, said: “This represents another exciting step in our digital journey. Asset integrity is critical to the energy industry and what we can offer with Akselos through their digital twin capability will provide a level of predictability that is state-of-the-art.
“Further, this collaboration complements our previously announced partnership with Injazat, a wholly-owned by Mubadala, where we are also working on a portfolio of technology-enabled digital ventures to create value for target customers, primarily in the MENA region.”
Akselos, with its five international hubs, was founded as an MIT start-up in 2012, where its core technology was developed over 15 years in the technology institution’s mechanical engineering lab.
The company’s main workscope is helping organizations protect large and complex assets with real-time structural digital twins called Digital Guardians.
Thomas Leurent, CEO of Akselos, added: “[Lamprell is] digitally forward-thinking and have a clear vision for what we can achieve together, as well as the value this partnership can bring to the energy sector.
“Our patented technology is based on a mathematical breakthrough that has led to near real-time simulations of limitless scale – something far more sophisticated than a conventional digital twin.”
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