$140M value unlocked with intelligent asset management for offshore drilling operations for a multinational oil and gas company
This multinational oil and gas company is among the world’s largest companies out of any industry. This $381 billion company has over 86,000 employees worldwide and a presence in more than 70 countries.
An intelligent asset management solution was developed for a major offshore deep-water drilling corporation. The solution leveraged master data management to integrate core systems, creating a unified data value chain. Automation and AI models were deployed to transition from data to decision-making, ultimately leading to cost savings. Key features include:
Data & Analytics
AI & ML
in auditable cost savings in the first year
additional savings led by buffer spare reduction
users engaged across 37 offshore drilling units in 10 countries