Woodside Teams with Accenture to Implement Predictive Analytics for LNG Operations
Woodside (ASX:WPL) has extended its relationship with Accenture
(NYSE:ACN) to implement predictive analytics for maintenance and
process-control in production operations across its liquefied natural
gas (LNG) assets.
Under the terms of the agreement, Woodside is using Accenture to deliver
an end-to-end analytics solution for real-time actionable insights on
its LNG facilities, including the Pluto LNG Plant.
Accenture’s data scientists and technologists are working with Woodside
to rapidly make analytics pervasive in decision-making; establishing
models specifically to drive proactive maintenance strategies and
support decisions to enhance production, safety and risk management
capabilities.
Statistical modelling, data management and visualisation software will
help combine huge amounts of production data to deliver business
insights. Data will be accessible to Woodside engineers at any time,
from anywhere in the world using cutting-edge applications.
Woodside senior vice president strategy, science and technology Shaun
Gregory said the company is leveraging its extensive knowledge and
skills as a leading LNG operator to progress major opportunities in
predictive analytics.
“By harnessing more than 30 years of leading LNG operational experience
through predictive analytics we are enabling our people to access
extensive analytical insights that are expanding our decision-making
capabilities and enhancing our ability to be predictive in our LNG
operations,” he said.
Through the collaboration, Woodside has already achieved success in the
development of predictive tools for its Pluto LNG Plant, including the
deployment of predictive process monitoring tools. This innovative
analytics methodology and capability will be extended to some of
Woodside’s other producing assets.
Based on its extensive oil and gas experience, Accenture will contribute
robust delivery capabilities for advanced analytics solutions and a
global pool of data science skills.
“This approach will support Woodside’s journey in digital transformation
and its future vision for intelligent operations,” said
Paul Carthy, managing director in Accenture’s energy industry group.
“The predictive and process control analytics models are designed to
deliver valuable business insights and drive increased performance and
proactive maintenance strategies, ensuring Woodside’s position as a
leader in digital energy.”
About Accenture
Accenture is a global management consulting, technology services and
outsourcing company, with more than 336,000 people serving clients in
more than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world’s most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of
US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page
is www.accenture.com.
Accenture Analytics, part of Accenture
Digital, delivers insight-driven outcomes at scale to help
organizations improve their performance. With deep industry, functional,
business process and technical experience, Accenture Analytics develops
innovative consulting and outsourcing services for clients to help
ensure they receive returns on their analytics investments. Accenture
also offers analytics platforms that can drive data-driven decisions:
the Accenture
Insights Platform – an end-to-end analytics solution designed to
deliver real-time actionable insights – and the Accenture
Analytics Applications Platform – a scalable platform that develops
industry- and function-specific advanced analytics applications that are
reusable, configurable and adaptable to meet the needs of each unique
company and its individual users. For more information follow us @ISpeakAnalytics and
visit www.accenture.com/analytics.
About Woodside
Woodside is an Australian oil and gas company with a global presence,
recognised for its world-class capabilities – as an explorer, a
developer, a producer and a supplier. The company’s producing LNG assets
in the north-west of Australia are among the world’s best facilities,
including the North West Shelf Project and Pluto LNG Plant.
Woodside’s proven track record and distinctive capabilities are
underpinned by 60 years of experience. With an exploration portfolio
that includes emerging and frontier provinces in Australia and the
Asia-Pacific region, the Atlantic margins and Latin America and
Sub-Saharan Africa, development interests in Canada and Timor-Leste and
a growing network of office locations, Woodside is transforming to
become a global business.
Woodside believes technology and innovation are essential to unlocking
future growth and commercialising assets and continually expands its
technical knowledge to discover new solutions and learn valuable
lessons. For more information visit www.woodside.com.au.
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