OMV, the international integrated oil and gas company based in Vienna, Austria, and Aker BP ASA, the oil exploration and development company headquartered in Oslo, Norway, today signed a Memorandum of Understanding, committing to share digitalization competencies and technology across borders and advancing both companies’ digital agendas.
Together, the two companies will collaborate on projects that explore how to set up and execute wide-scale digital transformation processes. Aker BP will share best practices from Eureka, their digital transformation program that started two years ago. These insights will advance the digital maturity of OMV Upstream and also benefit a wide range of suppliers and partners connected to OMV’s operations. In turn, OMV will share the insights from its digitalization program DigitUP to advance the digital transformation of Aker BP.
Aker BP and OMV are also planning joint collaboration and technology projects within the areas of operational efficiency, drilling and subsurface. These projects will involve agile ways of co-developing use cases and advancing technology together with Cognite, Scandinavia’s fastest-growing technology company.
In addition to the Memorandum of Understanding between OMV and Aker BP, OMV today also formally entered into a long-term agreement with Cognite, a Norway-based company that works with heavy-asset industries. Cognite will be OMV’s technology partner in digital transformation.
As Aker BP’s technology partner for the past two years, Cognite has helped Aker BP with their digital transformation and delivered measureable bottom line results. Cognite is providing foundational digital twins for all Aker BP’s operations, and with the support of Cognite Data Fusion, Cognite’s data contextualization software, Aker BP’s digital transformation program has increased worker safety and improved worker efficiency, reduced maintenance costs, and optimized production across installations.
Deployment of Cognite Data Fusion will enable OMV to operationalize data analytics and machine learning and to roll it out across their operations, integrating seamlessly with existing infrastructure to make all relevant data instantly available as a comprehensive set in the cloud. By harnessing the data stored in Cognite Data Fusion to power its digital transformation agenda, OMV will be able to easily monitor critical machinery, move from scheduled to predictive maintenance, increase production, and improve its HSSE operations.
By collaborating with Aker BP and Cognite, OMV proudly joins the Data Liberation Front™, a movement building momentum in the oil & gas industry, and other asset heavy industries. Data liberation is about breaking data free from silo systems and empowering humans and machines to make better and more informed decisions, and to seamlessly exchange data between companies across an industrial value chain for improved efficiency.
“The future of the oil & gas industry is digital. OMV is committed to leading the change as a digital frontrunner together with Aker BP and Cognite”, said Johann Pleininger, Executive Board member responsible for Upstream and Deputy Chairman of OMV.
“We are excited to partner with OMV to advance digitalization across the industry. Our experiences with Eureka highlight how liberated, contextualized data can help companies optimize production, reduce costs, and increase worker safety. And as our work with Cognite shows, finding the right technology partner is an integral part of that digital transformation process”, said Karl Johnny Hersvik, CEO of Aker BP.
“The partnership between Aker BP and OMV sends a signal to the rest of the industry to be more open and collaborative,” said John Markus Lervik, CEO of Cognite AS. “Aker BP and OMV are both strong supporters of data liberation and data sharing in the industry and are joining forces in transforming the oil & gas industry toward increased efficiency, safety, and reliability.“
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set to invest EUR 500 mn in innovative energy solutions by 2025.