ABSTRACT

The digital transformation of the world economy is the general trend. International oilfield service companies are actively applying digital technologies to change operation methods and management models. Digital twins in oil and gas have allowed the industry itself to remain on the cutting edge. By minimizing drilling operation costs and maximizing well production, the oil and gas companies can maintain better margins through the application of digital twins and other information communication technologies. Digital twins can be used as a new starting point for the digital transformation of upstream oil and gas, and further promote the wide application of digital technology in the upstream field of oil and gas. The oil and gas companies could achieve significant benefits of digital twins, such as production efficiency, preventive maintenance, operations monitoring, etc.