Last year, the company developed capability to reduce operating and warehouse storage costs and improve efficiencies through advances in producing spares on demand under its 3D printing program.
“In 2016, we grew our capability in 3D printing and installed our first 3D printed parts on our operating facilities. This program allows us to rapidly reproduce parts by accelerating the prototyping, testing and eventually deployment of new gas-processing technology.
The benefits of additive manufacturing go beyond the convenience of being able to reproduce parts as required, as we currently hold around A$100 million of inventory spares at our Karratha Gas Plant (KGP) for Woodside and our fellow joint venture participants.”
During the year, the company also installed a low-cost WiFi solution at the KGP plant, which the company said has delivered significant improvements through a fast and cost-effective way of acquiring additional plant data to enhance the KGP's operating envelope and ultimately to increase the production capacity of the operating unit.
“It enables smart operations and underpins the mobile worker of the future, allowing operators access to services and support in the field, improving productivity and plant availability.”
Additionally, the company is investigating new technologies that allow for faster exploration and an economical offshore development.
“These technologies include advances in subsea technologies, offshore seismic interpretation, floating and subsea production systems and exploration and production wells,” the report said. “In exploration, our seismic acquisition and processing initiatives include the application of full wave form inversion (FWI) technology that delivers clearer subsurface images much faster.”
The company is also working towards delivering the ‘Plant of the Future,’ which it said will be smaller, smarter and safer through the use of advanced technologies including 3D printing, predictive analytics, modularisation, wireless controls and remote monitoring.
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