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Yinson Production (YP), an FPSO contractor, has entered into a Memorandum of Understanding (MOU) with AVEVA.
The agreement builds upon the companies’ existing relationship and aims to help enable YP to develop fully autonomous and sustainable Floating Production Storage and Offloading (FPSO) solutions.
AVEVA’s software, in combination with YP’s FPSO expertise and extensive data sets, will better enable YP to operate its FPSO with minimal human involvement, and with a vision for them to eventually become fully autonomous. The key to developing fully autonomous FPSO solutions is through the adoption of the digital twin, a virtual model designed to more accurately reflect the floating structure. Leveraging AVEVA’s solutions, YP will further enhance its operational strategy and better optimize efficiencies by utilizing analytics, Machine Learning (ML), and Artificial Intelligence (AI) to further enrich the digital twin across the full asset lifecycle.
Autonomous technology can help to enhance the energy and resource efficiency of assets, while also lowering emissions. Furthermore, autonomous technologies can help to reduce human error and manual intervention, which can lead to better safety and environmental performance.
The current MOU expands on YP’s existing partnership with AVEVA, where the AVEVA PI System is already implemented on FPSO assets in the Yinson fleet, as well as AVEVA Engineering tools being leveraged for design and construction.