SINGAPORE, October 31, 2018
Hexagon’s PPM division, the world’s leading provider of asset lifecycle solutions for design, construction and operation of industrial facilities, has been selected as winner of the Digital Transformation Award in the Best Innovative Technology for Improving Operational Efficiency (Other technology) category during the 11th Asian Downstream Summit. The annual Asian Downstream Summit, taking place today and Thursday in Singapore, is the largest downstream technology tradeshow in Asia with a special focus on technological innovations, Industry 4.0 and digital transformation in the Oil & Gas industry.
Dr. Koh Poh Koon, Senior Minister of State, Ministry of Trade & Industry and Ministry of National Development of Singapore, presented the awards today to the winners at a ceremony during the Opening Plenary sessions.
Selected by a prominent judging panel of industry executives and experts, the award recognizes top enterprising refiners and innovative solution providers across the downstream Oil & Gas sector for their outstanding commitment to a sustainable energy sector.
“Technology is continually redefining the way we make decisions,” said Hexagon PPM Vice President Adrian Park, who accepted the award. “It reveals new insights into the way facilities perform, provides us new, automated ways of executing work and removes the drudgery of manual tasks. It optimizes how work is performed with full auditable traceability.
“We are extremely proud to be recognized by our customers and our industry. This validates our commitment to deliver technology solutions that drive business excellence and innovation.”
The award recognizes the achievements of implementing HxGN SDx™ Projects to eliminate handover, a process that typically costs 2 to 4 percent of total investment. The solution leverages on the digital twin environment to offer a secure, user-friendly platform for managing the submission of information, performing quality assurance reviews, communicating between project stakeholders and accessing project data. The key objectives are to improve project efficiency, reduce risk and improve quality.