Structural twin unlocks 35% OPEX reduction as Akselos launches Structural Performance Management for FPSOs
SPM for FPSO 4.0 can unlock multimillion dollar savings for offshore energy production
Akselos, a global leader in Structural Performance Management (SPM), launches its cutting-edge SPM for FPSO 4.0 software. The revolutionary software enhances asset performance, ensures uninterrupted operations and extends asset life of FPSOs. Akselos is leading the charge in integrating Industry 4.0 technologies into the offshore energy production sector, backed by years of experience supporting operators like Shell, Santos, Yinson and Enauta.
SPM for FPSOs can reduce operational expenditure (OPEX) by up to 35% through optimized inspections and maintenance planning. As a result, multiple million dollars in lost production can be protected by minimizing planned and unplanned downtime and significantly faster time to resolution for structural issues. Furthermore, by extending safe operating windows we help operators avoid over US$100 million in lost production by potentially avoiding unnecessary dry dock.
The software also allows FPSO operators to extend the operational life of assets by removing unwanted and overly conservative fatigue estimates, powered by the Akselos’ revolutionary RB-FEA technology. The software helps operators unlock spare structural capacity in compliance with class and standards. It provides millimeter-level precision in monitoring structural integrity of the entire FPSO in one holistic detailed model, enabling FPSOs to operate safely for longer periods.
Akselos delivers a near real-time, structural twin of the entire FPSO, allowing operators to continuously monitor asset health, identify stress hotspots, and run "what if" scenarios to mitigate risks. By integrating operational data like inspection data, metocean data and tank fills and unloading etc, the software provides continuous and on demand fatigue assessments, reducing the risk of unplanned downtime. The solution is also compliant with class society standards and helps operators maintain regulatory compliance with near real-time insights, ensuring safer operations in extreme offshore conditions.
The solution integrates seamlessly with existing systems such as Inspection Data Management Systems (IDMS) and Risk-Based Inspection (RBI) workflows, ensuring operators can easily incorporate it into their current operational infrastructure without disrupting established processes. This smooth integration accelerates the adoption process and improves overall operational efficiency.
“In the true spirit of Industry 4.0, we’re revolutionizing FPSO operations like never before. SPM for FPSO 4.0 is a game-changer - empowering operators to unlock unprecedented levels of efficiency, optimize operational costs, minimize downtime and extend the life of their assets. This isn’t just about keeping up with industry standards - it’s about breaking barriers and setting new benchmarks for what is possible,” said Dr. Claus Reimers, Chief Product and Technology Officer at Akselos.
