We are taking action across the value chain to enable investment in the next wave of LNG. Our approach to technology will support operational excellence and reduce exploration, development and production costs.
We are pioneering the application of advanced analytics and cognitive computing in our operations to leverage our collective knowledge and to support operational excellence.
The advanced analytics program is built around a range of statistical tools, updated with live streaming data from our onshore LNG and offshore assets. These tools aid decision making in our engineering and operations teams across a wide range of initiatives including surveillance, optimisation, planning, process control and maintenance.
We continue to deliver business solutions that reduce operating costs for our existing facilities. Our 3D printing program has the potential to reduce operating costs through the printing of spares on demand.
In 2016, we grew our capability in 3D printing and installed our first 3D printed parts on our operating facilities. This program allows us to rapidly reproduce parts by accelerating the prototyping, testing and eventually deployment of new gas-processing technology.
In 2016, we progressed work under our Offshore Transformation work stream, investigating new technologies that allow for faster exploration and an economical offshore development. These technologies include advances in subsea technologies, offshore seismic interpretation, floating and subsea production systems and exploration and production wells.
We believe science, technology, engineering and mathematics (STEM) subjects in schools, specifically mathematics, are essential to our future. This is why we are working together with schools and universities to shape the right skillsets for our future.
FutureLab is actively building an ecosystem of scientific and technological innovation through collaborations with research institutions, start-ups, entrepreneurs and adjacent leading industries.
FutureLab aims to nurture and grow a culture of diversity and innovation, harness new commercial opportunities and secure our ambition to be a leading supplier of affordable and sustainable energy.
In 2016, we opened the Woodside FutureLab collaboration centres at Monash University and the University of Western Australia. These centres, in conjunction with our centre at Curtin University, will support the delivery of our Intelligent Enterprise, Plant of the Future and Offshore Transformation work streams.
FutureLab is an integral part of our journey, encouraging a collaborative approach to innovation and providing access to capability that will enhance the results of our innovation program.
Case Study | 3D Printing
When a vital electricity safety switch for the Goodwyn A Platform off the north-west coast of Australia malfunctioned during a maintenance shutdown, we needed it repaired quickly. The hard-to-get part was critical to completion of the shutdown.
For every day it was not repaired, the potential impact was an extra day on the end of the shutdown, leaving about 100 workers unoccupied, waiting for power to be restored.
We were able to reproduce the part at the 3D printing facility at Monash University and it was on its way to site within three days. It has been installed in the electrical switchboard. Such 3D printing enables us to reproduce bespoke spare parts quickly, potentially reducing inventory and sparing. Woodside supports the 3D printing program at Monash University.
Video: Harnessing Disruption
Video: Woodside FutureLab - Hackathons
Video: Woodside FutureLab - Full Waveform Inversion
Video: Woodside FutureLab - Maximum Possible Production
Video: Woodside FutureLab - Intelligent Enterprise
Video: Woodside FutureLab - 3D Printing
Video: Woodside FutureLab - Offshore Transformation
Video: Woodside FutureLab - Plant of the Future
Video: Woodside FutureLab -
Video: Woodside FutureLab -