PGS Partners with Cognite to Optimize Vessel Efficiency
PGS has entered into an agreement with Cognite to reduce vessel operating costs and improve efficiency.
Leveraging fleet productivity and technology is an important pillar of PGS business strategy. PGS is using its digital transformation process to accelerate strategy execution. In cooperation with Cognite, PGS has launched two digitalization workstreams aiming at improving fleet performance; refining approaches to optimize fuel consumption and reducing maintenance cost by actively monitoring equipment via contextualized data.
“As part of our digital transformation journey, we are partnering with Cognite in order to extract the full value of our vessel operations and assets. The use of data to drive decision making and reduce costs will be important for us to leverage our fleet productivity and technology,” says Rob Adams, EVP Operations in PGS.
Both projects will leverage Cognite Data Fusion’s core technology to extract data from different source systems, making different types of data related to one piece of equipment easily accessible within a single interface. Cognite Data Fusion is a software package that integrates seamlessly with existing IT/OT infrastructures and liberates a wide variety of industrial data from siloed source systems.
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For details, contact:
Bård Stenberg, SVP IR & Communication
Mobile: +47 992 45 235
PGS ASA and its subsidiaries (“PGS” or "the Company") is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on PGS visit www.pgs.com.
Cognite is a global industrial AI software-as-a-service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world. Their key product, Cognite Data Fusion (CDF), empowers companies with contextualized OT/IT data to drive industrial applications that increase safety, sustainability, and efficiency, and drive revenue.