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FieldTwin SIGNED

First centralized data platform for efficient and collaborative development of offshore energy projects

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 FieldTwin project word cloud

Explore the words cloud of the FieldTwin project. It provides you a very rough idea of what is the project "FieldTwin" about.

communications    twin    mission    life    feasibility    timelines    time    collaborative    prevent    solutions    accelerated    licenses    data    80    plan    solution    quo    26    clients    entrepreneurs    companies    industry    70    analytic    beta    savings    multitude    environment    emerges    errors    financial    software    maintenance    context    experts    lower    serve    chain    source    provider    tool    30    installing    first    world    paas    streamlined    counting    big    decision    licensees    capital    uncovered    sources    2022    commercialised    abandoning    xvision    finalize    total    domain    benefits    lacking    status    founders    strategy    planning    visual    futureon    interacts    4m    phases    risks    co    professionals    engineering    millions    energy    senior    substantially    corporations    team    offshore    estimate    assets    basis    tools    model    risk    core    selling    external    15    delays    worldwide    occurs    generating    commercial    smart    digital    market    amongst    ecosystem    11k    share   

Project "FieldTwin" data sheet

The following table provides information about the project.

Coordinator		 FUTUREON AS 

Organization address
address: KONGSBERGGATE 11
city: OSLO
postcode: 153
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Norway [NO]
 Project website https://www.futureon.com/digital-field-twin/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FUTUREON AS NO (OSLO) coordinator 50˙000.00

Map

 Project objective

Offshore project design, planning and maintenance are complex tasks involving a multitude of companies and domain experts. The industry is lacking the ability to share information across the ecosystem of companies. This status quo substantially delays project timelines and prevent for risks to be uncovered. In an industry characterized by high capital cost, streamlined execution and avoided risk enable millions in savings.

FieldTwin is a digital working environment for planning, installing, operating and abandoning energy fields. Assets are integrated with external data sources and smart analytic tools creating smart digital fields. Collaboration occurs in a visual relevant context (as it will in real-world), in real-time and based on real data. The benefits are a lower risk of communications and planning errors; 30% to 70% reduced cost in the design process for the whole value chain by quickly finding the best solution and accelerated timelines across the life of a project, 20-80% lead time reduction in planning and design phases and total project lead time reduction or 10-30%.

With FieldTwin we are first to market. FieldTwin is commercialised as a PaaS model. We already have over 100 beta user-licenses, counting with big corporations amongst our clients. We estimate selling 11k licensees by 2022, generating €26.4M. The feasibility study will serve as the basis to finalize our product development strategy and commercial and financial plan. FutureON AS emerges from Xvision AS - with more than 15 years’ experience as provider of visual engineering solutions for clients worldwide in the offshore domain. Our core team and co-founders are all experienced entrepreneurs and senior professionals within visual design, software development and offshore domain experts. Our mission is to provide the Energy Industry a collaborative open digital tool that interacts with any data source at any time for any user in the decision-making ecosystem.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "FIELDTWIN" project.

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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

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The information about "FIELDTWIN" are provided by the European Opendata Portal: CORDIS opendata.

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