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Opendata, web and dolomites

FieldTwin SIGNED

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

Total Cost €

EC-Contrib. €

Partnership

Views

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.

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

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 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.	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.

Thanks. And then put a link of this page into your project's website.

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