In the United States, more than US$80 billion is expected to be invested in petroleum infrastructure every year between 2014 and 2020. To achieve high growth in what is one of the world’s most intricate oil and gas pipeline networks, multiple issues need to be addressed, ranging from aging assets at increasing risk of failure and increasing regulation to a projected 50 percent natural attrition of the workforce.
To succeed in this environment, pipeline operators need to leverage emerging digital and other technologies to deliver significant performance improvements and maximize value across their networks. By leveraging the convergence of operations and information technology to implement virtual pipeline assets, the operators will realize “digital pipeline” with breakthrough improvements in integrity, safety, compliance and operational efficiency.
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