Comment IIOT Oil & Gas
Integrated, virtualized capital-project execution lowers costs
By Mary Page Bailey |
Adaptive Execution is a new platform that integrates expert teams, new technologies, agile processes, shared learnings and proven methodologies into a single, streamlined project-execution experience for all stakeholders involved in major capital investment projects. It is not uncommon for large capital projects to significantly exceed budget and experience extensive delays. Adaptive Execution addresses major inefficiencies that result in cost and schedule overruns. It enables greater visibility across all layers of a project, unlocking significant project value improvements across the energy sector. With digitalization and collaboration at its core, Adaptive Execution is expected to significantly reduce automation-related capital expenditure and compress delivery schedules and startup hours by as much as 40%, says the company. Using virtualization, Adaptive Execution removes the need for engineering onsite and reduces the physical hardware required for a control and automation systems. By decoupling hardware and software, Adaptive Execution lowers the time and overall setup costs, considerably cutting the number of engineering hours spent on project installation, commissioning and testing. Harnessing efficient modular design, combined with standardized, repeatable processes and shared and effective deployment of infrastructure, tools, and resources, Adaptive Execution centralizes collaboration across all project stakeholders — from a project’s inception through to its successful completion. — ABB Ltd., Zurich, Switzerland

ABB
Oxygen measurement with Ex approvals & SIL2 certification The new Zirkor200 oxygen-measurement analyzer (photo) adds features for integration into safety-related…
This company has released a free firmware upgrade enabling new and existing MicroSmart FC6A Plus PLC CPUs (photo) to support…
Baker Hughes (Houston) has announced it is acquiring ARMS Reliability, a leading global provider of reliability solutions to some of…
IBM announced that bp plc (London) has joined the IBM Quantum Network to advance the use of quantum computing in…
Bp plc (London, U.K.) has successfully completed an autonomous vehicle trial at its Lingen refinery in Germany, working with Oxbotica,…
Breakthrough Technologies
Subscribe Now