Bentley invests in FutureOn for subsea planning, engineering and visibility
EXTON, Pa.-Friday 16 October 2020 [ AETOS Wire ]
(BUSINESS
WIRE)-- Bentley Systems, Incorporated, the leading global provider of
comprehensive software and digital twin cloud services for advancing the
design, construction, and operations of infrastructure today announced
that Shell’s Deepwater business has selected Bentley’s digital twin
approach to streamline its capital projects process and accelerate time
to first oil.
With a plan to deliver several subsea tie-back
projects over the next 10 years, Shell Deepwater Projects has recognized
a significant opportunity to accelerate capital project delivery and
cut project delivery time by implementing an integrated digital project
& engineering environment. The solution spans project conception in
the early phase design through to handover.
“Shell Deepwater
Projects is developing an integrated Workflow and Data Platform from
system selection to asset handover to streamline our capital projects
processes and accelerate time to first oil,” said GT Ju, General Manager
Gulf of Mexico Deepwater Projects. “The platform is being developed in
partnership with Bentley leveraging Bentley’s iTwin open, scalable Azure
cloud-based platform which provides interoperability across owner and
supply chain systems. We believe that an end-to-end platform that gives
us visibility and transparency to Project and Engineering data across
our portfolio will be a key driver to delivering competitive projects.”
Commenting
on the project, Nicholas Cumins, Chief Product Officer – Bentley
Systems, said “Think Big – Prove Small – Scale Fast – sums up the
overall approach Shell and Bentley share in this initiative. Bentley’s
iTwin platform is ideally suited to providing aligned, secure and visual
access to project data across the supply chain and capital projects
ecosystem. Shell’s selection of Bentley’s iTwin platform validates our
open approach to digital twins and underscores the ability of the
platform to scale to the largest, most complex capital projects and
dynamic engineering use cases.”
Bentley Acceleration Fund Investment
In
addition, Bentley announced that it is providing investment funds to
FutureOn, a Norwegian software company supporting deepwater subsea
projects, to accelerate going digital within the oil and gas industry.
The investment sets the stage for FutureOn and Bentley to deliver the
next-generation digital twin technology required for oil and gas
ecosystems to manage and analyze data, integrate with existing systems,
provide analytics visibility, and rapidly explore ideas collaboratively.
FutureOn
builds on more than 20 years of visual engineering experience
specifically in the oil and gas subsea domain. The company will combine
its award-winning field design application (FieldAP) and its API-centric
collaboration platform (FieldTwin) with Bentley’s digital twin platform
(iTwin) to advance user organizations like Shell Deepwater. Both
FutureOn and Bentley platforms use open web standards to facilitate
complex integration and customization, and the combined offerings are
already being implemented in exploration and production workflows for
the creation and curation of subsea digital twins.
“The Bentley
Acceleration Fund investment is a significant milestone for FutureOn and
will help drive the growth of our business by advancing the FutureOn
technology as well as extending our reach,” said FutureOn CEO Paal
Roppen. “Today, digitalization is more important than ever for the oil
and gas industry as challenging market conditions persist. Innovative
and disruptive digital twin technologies such as those we develop
alongside Bentley will help farsighted organizations like Shell
Deepwater to improve project and asset performance.”
About FutureOn
FutureOn
is an agile young Norwegian software company with a passion for
innovation and a head full of creative ideas. They bring along a bench
of smart thinkers who have been providing appealing visual content to
the oil and gas industry for many years and have now turned that
creative ability into a software platform. That platform called
FieldTwin is changing the way oil and gas engineers are seeing their
whole world and collaborating in ways they have never even considered in
the past. For more information, please visit www.futureon.com.
About Bentley Systems’ Acceleration Fund
Bentley
Systems’ Acceleration Fund was founded in 2020 to invest in new and
incremental participants in open ecosystems to advance infrastructure
digital twins. The Bentley Systems Acceleration Fund is chartered to
accelerate the creation and curation of digital twins, and to foster
technologies and innovations so enabled, by nurturing new ventures,
making minority investments, and acquiring and expanding digital
integrators. Investments to date include Digital Water Works, Digital
Construction Works, Virtuosity, and The Cohesive Companies. Chief
Acceleration Officer Santanu Das welcomes queries from potential
ecosystem participants at www.bentleyaccelerationfund.com.
About Bentley Systems
Bentley
Systems (Nasdaq: BSY) is the infrastructure engineering software
company. We provide innovative software to advance the world’s
infrastructure – sustaining both the global economy and environment. Our
industry-leading software solutions are used by professionals, and
organizations of every size, for the design, construction, and
operations of roads and bridges, rail and transit, water and wastewater,
public works and utilities, buildings and campuses, and industrial
facilities. Our offerings include MicroStation-based applications for
modeling and simulation, ProjectWise for project delivery, AssetWise for
asset and network performance, and the iTwin platform for
infrastructure digital twins. Bentley Systems employs more than 4,000
colleagues and generates annual revenues of more than $700 million, in
172 countries. www.bentley.com
Bentley, the Bentley logo,
AssetWise, Digital Construction Works (DCW), iTwin, MicroStation,
ProjectWise, The Cohesive Companies, and Virtuosity are either
registered or unregistered trademarks or service marks of Bentley
Systems, Incorporated or one of its direct or indirect wholly owned
subsidiaries. All other brands and product names are trademarks of their
respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005129/en/
Contacts
Press:
Christine Byrne
+1 203 805 0432
Christine.Byrne@bentley.com
Follow us on Twitter:
@BentleySystems
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Saturday, October 17, 2020
Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery
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