The digital twin software will support a reduction in inspection and maintenance costs. Credit: Akselos.

Swiss company Akselos and engineering Services provider COSMI Group have signed a three-year memorandum of understanding (MoU).

The latest MoU aims to bring Akselos’ breakthrough ‘Digital Twin’ technology to the Italian market.

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Akselos’ Digital Twin technology is being used in offshore industries to enhance safety, reduce maintenance and operating costs. It also supports asset life extension.

Recently, Akselos deployed a structural digital twin for Shell Nigeria Exploration and Production’s (SNEPCo’s) Bonga Main floating production storage and offloading (FPSO).

COSMI CEO Giorgio Zuffa said: “The energy transition is driving a digital world where operators will use innovative tools to monitor the structural performance of assets in real time, providing information that will allow maintenance teams to optimize processes and resources.

“The synergy with Akselos will allow us to strengthen our offering across all our operational management and engineering services.

“The repurposing of existing infrastructure into less polluting or better performing plants, will require a deep evaluation of structural integrity to extend life safely and efficiently.”

Akselos’ Digital Twins will be combined with COSMI’s engineering and asset management capabilities to create a ‘unique’ offering to customers of all COSMI’s core industries.

Akselos senior vice-president John Bell said: “COSMI is a highly-regarded technical player in Italy and this MoU is testament to their forward-thinking approach to digitalisation.

“We intentionally seek out partners whose approach to breakthrough technology is aligned with our own, and we look forward to learning from COSMI as we work together to transform energy, carbon capture and heavy industries in Italy.”

In February, Lamprell and Akselos signed an MoU for digital projects.

In February 2019, the Oil and Gas Technology Centre (OGTC) awarded funding to Askelos to advance research and development (R&D) into digital twin technology for the oil and gas industry.