PGS enters digital transformation pact with Cognite

Norwegian seismic services provider Petroleum Geo-Services (PGS) has entered into an agreement with software company Cognite to reduce vessel operating costs and improve efficiency.

Illustration; Source: PGS

PGS said on Tuesday that it was using its digital transformation process to accelerate strategy execution.

In cooperation with Cognite, PGS launched two digitalization workstreams aiming at improving fleet performance, refining approaches to optimize fuel consumption and reducing maintenance cost by actively monitoring equipment via contextualized data.

Rob Adams, EVP of operations in PGS, said: “As part of our digital transformation journey we are partnering with Cognite in order to extract the full value of our vessel operations and assets.

“The use of data to drive decision making and reduce costs will be important for us to leverage our fleet productivity and technology.”

Both projects will leverage Cognite Data Fusion’s core technology to extract data from different source systems, making different types of data related to one piece of equipment easily accessible within a single interface.

Cognite Data Fusion is a software package that integrates seamlessly with existing IT/OT infrastructures and liberates a wide variety of industrial data from siloed source systems.

In other news, Cognite has recently entered into a strategic initiative to explore how robotic systems can be used to make offshore operations safer with Norwegian oil and gas operator Aker BP.

The two companies are set to do several tests using robots and drones on the Aker BP-operated Skarv installation in the Norwegian Sea during 2020.


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Posted on February 18, 2020 with tags , .

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