SPE WA Facility and Digital Group Event

Digital Twins – So What?

Date: Thursday, 3rd July
Time: 5:30 pm – 8:30 pm (Australia/Perth time)
Location: Riff Spacecubed 45 St Georges Terrace, Perth WA 6000

We are thrilled to report the success of the recent event hosted by the SPE WA Facility and Digital Group, a subsidiary of the Society of Petroleum Engineers in Western Australia. The event took place on Thursday, July 3rd, from 5:30 pm to 8:30 pm at Riff Spacecubed, 45 St Georges Terrace, Perth, WA 6000.

The evening brought together more than 30 industry experts who engaged in insightful discussions and networking opportunities. The highlight of the event was a captivating presentation by our esteemed speaker, Siddharth Setia, the General Manager of Energy APAC at Kongsberg Digital.

About the Speaker

Siddharth Setia leads Business Growth and Strategy in the APAC region, with a focus on Australia, New Zealand, Japan, and India. He joined Kongsberg Digital this year, bringing over 15 years of experience from Sumitomo Corporation. At Sumitomo, he held diverse roles in Supply Chain, Field Operations, Strategic Account Management, and Digital Transformation, along with serving as a Regional BD Advisor for new technology investments. Sid holds a Mechanical Engineering degree and a postgraduate degree in Petroleum Engineering from Curtin University.

Event Highlights

Sid’s presentation, titled “Digital Twins – So What?”, delved into how adopting a Digital First approach can accelerate decision-making in heavy asset operations. He provided valuable insights into the implementation and benefits of digital twins, emphasizing their role in enhancing operational efficiency and strategic planning.

He also introduced the latest developments in AI at Kongsberg Digital, highlighting their impact on the industry.

Key Topics from the Presentation

1. Digital Twins: Sid explained how Kongsberg Digital’s digital twin technologies support low-carbon strategies across energy value chains. These technologies integrate processes and CO2 flow simulations to unlock greater performance and lower carbon emissions.
2. AI and Machine Learning: Sid discussed the role of AI and machine learning in shaping the future of the energy industry. These technologies enable the industry to become more sustainable and safer, accelerating the path to net-zero emissions.
3. Kognitwin®: Kongsberg Digital’s Kognitwin® platform was showcased as a comprehensive tool that defragments the user experience to accelerate value. It integrates data visualization, contextualization, and AI/ML models to provide a highly integrated and tailored user experience.
4. Industrial Work Surface: Sid highlighted the importance of the industrial metaverse, emphasizing its current impact on enhancing decision-making, reducing emissions, and driving collaboration.

Feedback and Reception

The feedback from attendees was overwhelmingly positive. Many expressed appreciation for the opportunity to learn from Sid’s expertise and the chance to connect with peers in the industry. The event successfully highlighted the importance of digital transformation in modern energy operations and inspired participants to explore innovative approaches in their respective fields

Looking Ahead

We extend our heartfelt thanks to Sid for his engaging and informative presentation, as well as to all the attendees for their active participation. We look forward to hosting more events that continue to bring value to our members and the broader industry.

Stay tuned for upcoming events and initiatives from SPE WA Facility and Digital Group. Together, we will continue to drive innovation and excellence in the energy sector.