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Launch of initiatives to establish new Smart O&M solutions service
JGC Holdings Corporation (Representative Director, Chairman and Chief Executive Officer: Masayuki Sato) is pleased to announce that JGC Corporation (Representative Director, President: Yutaka Yamazaki) is developing a remote operations visualization system with FPSO Ventures Sdn. Bhd. (hereinafter FVSB*) that will be piloted on floating production storage and offloading units (FPSOs) off Southeast Asia. The project paves the way for the establishment of a Smart Operation and Maintenance (O&M) solutions service, which will contribute to businesses achieving the most efficient operation of their plants by adopting digital technologies.
In the JGC Group's Medium-Term Business Plan, "Building a Sustainable Planetary Infrastructure 2025" (BSP2025), the three key strategies are to transform EPC operations, expand high-performance functional materials manufacturing, and establish future engines of growth. Under "establish future engines of growth," the aim is to establish a "smart O&M solutions service" as a pillar of future profitability.
In June JGC initiated joint development of a system for managing and visualizing the operations of an FPSO together with Malaysian based offshore floating production systems O&M service provider FVSB. A pilot version of the system will be provided to FPSOs operating at sea in Southeast Asia from around February 2022 for trial operation. Once the testing is completed, JGC will apply any upgrades needed. Official commercial launch of the remote operations visualization system is planned for 2022.
Traditionally, many FPSOs and other offshore production facilities decentralize their operational management by using office onboard software to manage operational data, including operating, maintenance and materials (spare parts) data. This information is then sent daily by each operator individually to the onshore manager. Owners of FPSOs or offshore production facilities, whether they are oil companies or other businesses, therefore face the challenge of centralizing their data onshore while keeping IT costs down, streamlining operation and maintenance work, and reducing O&M-related costs.
The remote operations visualization system being developed by JGC and FVSB enables the quick and economical set-up of a system that integrates and visualizes the decentralized data relating to operation, maintenance, materials (spare parts), HSE, and regulatory requirements.
JGC has a distinguished track record in plant engineering and construction. Harnessing the company's accumulated expertise and technology, as well as the operation and maintenance data obtained, its intent is to both sell the remote operations visualization system and offer plant owners detailed operational improvement suggestions to help boost plant productivity and reduce maintenance costs.
This remote operations visualization system is just as suited to a remote onshore plant as to an offshore production facility. It would also work with otherf energy-related plants, such as oil or gas, or solar or wind power.
By applying the remote operations visualization system as a first step, the JGC Group is aiming to establish its new Smart O&M solutions service and meet the needs of a wide range of clients, in plant engineering and construction, as well as in O&M.
* Overview of FPSO Ventures
Name of company FPSO Ventures Sdn. Bhd.
Headquarters Kuala Lumpur, Malaysia
Executive Director Datuk Abdul Farish Rashid
Date established 2004
No. of employees 450
Service Offshore O&M services
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