AP NEWS

Equinor Taps FutureOn for Cloud-Based Offshore Data Visualization Software

August 27, 2018

STAVANGER, Norway--(BUSINESS WIRE)--Aug 27, 2018--FutureOn, a leading oilfield software and data visualization solutions provider, announced a new multi-license agreement for its cloud-based software Field Activity Planner (FieldAP) with Equinor, a Norwegian multinational energy company, formerly Statoil.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180826005012/en/

FutureOn, a leading oilfield software and data visualization solutions provider, announced a new multi-license agreement for its cloud-based software Field Activity Planner (FieldAP) with Equinor, a Norwegian multinational energy company, formerly Statoil. (Photo: Business Wire)

FutureOn, together with Equinor, will pilot FieldAP to digitalize and integrate data from existing North Sea brownfields operated by Equinor, enabling real-time engineering and cost analysis of potential tie-back opportunities. FutureOn’s easy-to-use 2D/3D data visualization platform provides a compelling user experience while integrating Equinor’s backend systems for enhanced decision making.

In the early phase, the work will focus on using FieldAP to increase efficiency in concept development and selection. The ambition is to further reduce cost and select the concepts which provide the best value supported by digital tools.

FieldAP is the first global collaborative tool allowing oil and gas operators to digitally merge and visually design large volumes of offshore oilfield data in a centralized cloud platform. The tool allows rapid visualization of offshore engineering workflows, next-generation project planning to collaborate more productively, and provide greater insights into working smarter with enhanced results.

“Digitalization is more than a buzzword in the oil and gas industry,” said FutureOn’s Chief Technology Officer Olav Sylthe. “Our partnership with Equinor is a testament to our software’s ability to effect meaningful change, enabling improvements in safety, security, sustainability, productivity and cost efficiency through digitalization, data integration and visualization. We look forward to being a part of the digital journey ahead with Equinor.”

For more information, visit our FutureOn Today blog.

About FutureOn

Headquartered in Oslo, Norway with a U.S. office in Houston, FutureOn is a digital technology innovator enabling customers to see more possibilities for their assets and begin to make more forward-thinking choices. For more information on FutureOn and its collaborative platform solution FieldAP, visit: www.futureon.com and connect with us on Facebook, LinkedIn, and Twitter.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180826005012/en/

CONTACT: Ward, for FutureOn

Melanie Taplett

mtaplett@wardcc.com

or

Deborah Buks, 713-869-0707

dbuks@wardcc.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA NORWAY TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS TECHNOLOGY SOFTWARE

SOURCE: FutureOn

Copyright Business Wire 2018.

PUB: 08/27/2018 02:00 AM/DISC: 08/27/2018 02:01 AM

http://www.businesswire.com/news/home/20180826005012/en

AP RADIO
Update hourly