Oil and gas industry professionals will be gathering at the Offshore Technology Conference (OTC2015) in Houston, May 4-7. This year’s OTC event is taking place at a time when there are understandable concerns about jobs, costs and investments due to continued uncertainties in petrochemical prices, global demand and realigning of capital investments. ANSYS is going to the OTC conference because we believe that the energy industry is resilient. We also believe that ANSYS has solutions to help the industry cut costs through improvements in engineering best practices and use complete virtual prototyping of its system with the insight needed to prioritize and optimize the industry’s investments and adoption of advanced technologies.
During economic and pricing down-cycles, there are the typical actions companies use to manage cost, but during this downturn just cutting cost and waiting for the prices to recover may not be enough. Even before the current price slump, earnings were not improving and capital project investment costs were increasing. The industry is looking to fundamentally change the cost structure. This can be done in two ways — operational efficiency and asset integrity management. The industry is investing in advanced technologies to reduce human cost through digital oil fields including increasing use of advanced electronics to manage remote operations. Also, there is a stronger emphasis on efficiency and standardization that can help development of more reliable equipment and processes through use of best practices.
One established method used in Aerospace and Defense industry is a broad-based adoption and deployment of a model-based engineering and analysis practices. The benefits are to drive engineering productivity, increase reliability and develop insights necessary to drive investment decisions. Since the energy industry is developing, many remote operations I think you will find useful would be to learn how ANSYS solutions are used for design and operator training of unmanned aircraft systems (also known as drones). If you’ve never seen a drone in action — or even if you have — stop by the ANSYS Booth 1801 at the OTC and take a look at the one that will be hovering overhead. Better yet, discuss your project with our experts and get registered for a chance to win a drone. We will ship it to you after OTC.
Additionally, at OTC, ANSYS experts will be available to discuss how the use of computational technology and model-based design can contribute to achieve these goals. Engage us at OTC or contact us to discuss:
– Cost effective strategies in use and deployment of advanced electronic technologies (Wireless, sensors, electronic machines,..) leading to engineering concepts in electronic and systems engineering including model-based engineering, software engineering, predictive maintenance, signal integrity, power integrity, hardware in the loop (HIL) and software in the loop (SIL)
– Historical approaches of “make it and break it” have given way to “model it and make it.” Detailed engineering of equipment and processes using a single physics or multiphysics approach as an integrated part of system design is accelerating product development. The ANSYS solution set covers oil and gas concepts equipment to processes and related products to asset integrity in real-world performance.