In order to maximize efficiency and get a faster return on investment that would stabilize long-term, the company we’ve worked with has acquired 7 extra oil rigs that were installed on the 3rd of March, 2019. However, due to the increased number of machinery that took an immense amount of investment to acquire, their annual capital funds were nearly depleted. The 7 extra pieces of machinery that were are responsible for extracting 1500 barrels of oil per day soon required an extra of 14 new workers that could monitor the performance. The manual efforts of supervising machinery of such complexity were not cost-efficient enough for the company to become suitable for expansion, thus Digital Twin Genie was introduced as a plausible solution for this. The objectives were set as follows:
The entire project took 17 days to implement including the timeframe Digital Twin Genie needed to accumulate performance data.
By gaining full transparency on the workflow of the environment and the oil rigs themselves, the friction monitors were able to send feedback to the centralized Digital Twin Genie software. This allowed the engineers to monitor all virtual counterparts of the 28 oil rigs in a group, excluding each rig and identifying key failure points individually if needed. This amount of leverage produced the following results: