Siemens and Neptune Energy Germany have signed a partnership agreement joining development efforts in the field of digitalisation. Neptune is an exploration and production company, part of the globally active Neptune Energy Group, and is an expert in the production of hydrocarbons. The Co-Creation partnership agreement allows both companies to combine their know-how – Neptune with its expertise in the field of oil and gas production and Siemens with its automation, IT and data analysis skills. The objective is to bundle their knowledge and experience with a view to optimising the capture and evaluation of data in oil and gas extraction in order to increase the productivity and security of extraction facilities.
The Co-Creation agreement is all about evaluating both historical and real-time data from the feed pumps in operation as a first step. This data will then be backed with mathematical functions and the resultant image analysed by experts. Special software detects imminent anomalies and algorithms in the technical systems and recommends action for operating and maintaining the facilities. A vital part of the collaboration is the use of the Mindsphere cloud-based, open IoT platform from Siemens.