Aize expands collaboration with Aker BP to implement advanced SaaS solutions

Aize, a leading provider of digital solutions for the oil and gas industry, has announced a major expansion of its strategic collaboration with Aker BP (OSE: AKERBP). This expansion includes a new Software-as-a-Service (SaaS) agreement designed to optimize operations across all relevant facilities and projects.

Aker BP’s Digital Transformation Journey

Aker BP, one of Europe’s largest independent oil and gas companies, is at the forefront of digital transformation in the energy sector. Known for its innovative approach, Aker BP has been collaborating with Aize to enhance operational efficiency through advanced digital tools. The new SaaS agreement extends this collaboration, building on the existing development partnership that focuses on integrating Aize’s solutions into Aker BP’s projects.

Digital Twin Technology and Its Applications

The partnership’s primary focus includes the development and implementation of a digital twin technology. Digital twins are virtual replicas of physical assets that allow for real-time monitoring and simulation. For Aker BP, this means the ability to closely monitor the performance and operational health of its facilities, such as the Yggdrasil asset, a significant development on the Norwegian Continental Shelf.

Yggdrasil is a major project aimed at unlocking new reserves and boosting production capabilities in the North Sea. The digital twin technology provided by Aize will support Yggdrasil by offering detailed visualizations and simulations, which are crucial for managing complex operations and ensuring safety.

Skarv FPSO: A Milestone in Brownfield Integration

The Skarv Floating Production Storage and Offloading (FPSO) unit has also begun utilizing Aize’s solutions. This marks a pivotal moment as it is the first Aker BP brownfield facility to integrate Aize’s software, demonstrating its potential to enhance operational efficiency in existing facilities. The integration into Skarv FPSO signifies a shift towards modernizing legacy systems and improving their functionality with cutting-edge technology.

Aker BP’s Approach to Digitalization

Aker BP’s digital strategy involves not just adopting new technologies but also transforming workflows and operational processes. The company has been leveraging digital tools to streamline its operations, reduce costs, and increase productivity. The SaaS model with Aize fits into this strategy by providing scalable and flexible solutions that adapt to the evolving needs of Aker BP’s projects.

The collaboration emphasizes the importance of seamless integration across various systems and domains. By enhancing access to information and improving collaboration among internal teams and external partners, Aize’s software aims to facilitate more efficient project execution and asset management.

Statements from Leadership

Thomas Hoff-Hansen, Chief Information Officer at Aker BP, highlighted the significance of the SaaS agreement, saying, “Adopting the SaaS model is the natural next step in strengthening the strategic partnership between Aker BP, Aize, and Cognite. This solution, co-developed through our partnership, is set to drive significant value for our business. We are committed to advancing our digital journey and transforming how we manage our projects and operations.”

Jarle Skrebergene, Chief Executive Officer of Aize, added, “This expanded agreement with Aker BP marks a significant milestone in our collaboration. The expertise and feedback from Aker BP have been crucial in refining our product. This development underscores Aize’s growing market presence and Aker BP’s dedication to enhancing their digital strategy.”

The Future of Digitalization in Oil and Gas

As the oil and gas industry continues to evolve, digitalization is becoming increasingly central to operational success. Technologies like digital twins and SaaS solutions are transforming how companies manage their assets and execute projects. The expanded partnership between Aize and Aker BP not only reflects the growing importance of these technologies but also sets a benchmark for how strategic collaborations can drive innovation and efficiency in the sector.