Woodside to Work with Accenture on Predictive Analytics for LNG Ops
Accenture, a global management consulting, technology services and outsourcing company, reported that Australia's Woodside has extended its relationship with the firm to implement predictive analytics for maintenance and process-control in production operations across its liquefied natural gas (LNG) assets in Australia.
Under the terms of the agreement, Woodside is using Accenture to deliver an end-to-end analytics solution for real-time actionable insights on its LNG facilities, including the Pluto LNG Plant.
Accenture’s data scientists and technologists are working with Woodside to rapidly make analytics pervasive in decision-making; establishing models specifically to drive proactive maintenance strategies and support decisions to enhance production, safety and risk management capabilities.
Statistical modelling, data management and visualization software will help combine huge amounts of production data to deliver business insights. Data will be accessible to Woodside engineers at any time, from anywhere in the world using cutting-edge applications.
Woodside Senior Vice President Strategy, Science and Technology Shaun Gregory said the company is leveraging its extensive knowledge and skills as a leading LNG operator to progress major opportunities in predictive analytics.
“By harnessing more than 30 years of leading LNG operational experience through predictive analytics we are enabling our people to access extensive analytical insights that are expanding our decision-making capabilities and enhancing our ability to be predictive in our LNG operations,” he said.
Through the collaboration, Woodside has already achieved success in the development of predictive tools for its Pluto LNG Plant, including the deployment of predictive process monitoring tools. This innovative analytics methodology and capability will be extended to some of Woodside’s other producing assets.
Based on its extensive oil and gas experience, Accenture will contribute robust delivery capabilities for advanced analytics solutions and a global pool of data science skills.
“This approach will support Woodside’s journey in digital transformation and its future vision for intelligent operations,” said Paul Carthy, managing director in Accenture’s energy industry group. “The predictive and process control analytics models are designed to deliver valuable business insights and drive increased performance and proactive maintenance strategies, ensuring Woodside’s position as a leader in digital energy.”
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