In this third episode of The FPSO Coalition Podcast, Prabu Parthasarathy, Cognite’s Global VP, and Kiona Y. Meade, SLB’s Digital Business Owner, delve into the immense value of data in operations of floating production, storage, and offloading (FPSO) operations. They kick off the discussion by exploring different data types—from engineering technology, information technology, and operational technology (ET, IT, and OT, respectively)—and highlight how the coalition's unique ability to contextualize this data sets it apart. Kiona and Prabu next emphasize the importance of knowledge transfer from project design to operations, particularly as it applies to data. They also shed light on how contextualization plays a pivotal role in FPSO operations, explaining its significance and implications.
Now that they’ve set the scene, Prabu and Kiona share real-life use cases where contextualization has driven transformative changes in operations, showcasing how extracting value from data is an ongoing process that can guide crucial business decisions. Along the way, they address intriguing questions, such as the distinctive aspects of data contextualization for FPSOs compared with other assets, repercussions of an inadequate data foundation, and how data's status as the world's most valuable asset ties into FPSO operations.