ExxonMobil and BP join Fieldnode consortium for on-demand spare parts production

Companies & MarketsNews
January 22, 2024

January 22, 2024

ExxonMobil has joined The Industry Collaboration Project, a collaborative project that looks to establish a strong industry standard for a digital inventory ecosystem (Courtesy Fieldnode)
ExxonMobil has joined The Industry Collaboration Project, a collaborative project that looks to establish a strong industry standard for a digital inventory ecosystem (Courtesy Fieldnode)

Fieldnode has announced that both ExxonMobil and BP have now joined The Industry Collaboration Project. The project is a joint effort between Fieldnode and other energy operators, with the main objective to develop a digital platform that will provide a network for the efficient supply of spare parts produced on demand, thereby reducing lead times, physical inventories, total cost of ownership, materials waste, and shipping distances.

The partners hope to address crucial areas, including standardisation of qualification processes, development of a commercial model supporting mass customisation, and enhanced total cost of ownership for customers compared to traditional volume-based incentives. As the project progresses, more suppliers, independent Additive Manufacturing companies and collaborators will be invited to join the platform, ensuring widespread adoption and benefits.

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The Fieldnode platform was developed in a Joint Industry Project with Equinor and TotalEnergies to promote shared resources and enable efficient and resilient operation of supply networks for oil and gas operators. In the past year, the project has achieved several significant milestones, including:

  • Conducting pilot tests involving operators, original equipment manufacturers (OEMs), and manufacturers to assess commercial and software setups, refining the project’s approach
  • Combining the interests of operators and OEMs based on the innovative commercial models developed within the project, facilitating collaborative efforts across the ecosystem
  • Reaching an agreement to optimise the existing industry standards for supplier qualification in a more scalable and efficient manner, a milestone with far-reaching implications
  • Successfully processing of live orders through the platform, demonstrating its readiness for industry adoption

“The Fieldnode Industry Collaboration Project shows real potential to bring optionality to our supply chain and enhance access to spare parts, which will enable reductions in physical inventory, decrease lead times for spare parts, and help eliminate part obsolescence,” stated April Feick, ExxonMobil Supply Chain, Vice President of Materials Management

“ExxonMobil’s inclusion as our ninth partner represents a significant milestone in the evolution of our ground-breaking collaboration between Fieldnode and the global energy industry’s leaders. In the company of some of the world’s largest energy corporations, ExxonMobil’s participation enhances the collective strength of our project, further solidifying our commitment to redefine industry standards and drive innovation. Together, with these esteemed partners, we are forging a path towards sustainable and efficient solutions that will shape the future of the energy sector,” shared Martin Andersson, Project Manager at Fieldnode.

“BP’s participation in this industry-leading digital collaboration project represents a step forward in embracing the potential of Additive Manufacturing and digital solutions,” Andersson added. “Together with our market-leading partners, we are developing a standard that addresses operational needs and the interests of OEMs while also promoting sustainability and efficiency in the energy sector.”

Chelsea Green, Life of Field Discipline Lead at BP emphasised the potential of Additive Manufacturing and digital inventory solutions. “By integrating digital supply chain principles with Additive Manufacturing capabilities, we aim to reduce waste, lower costs, and enhance agility in response to rapidly changing operational demands. This partnership aligns with bp’s commitment to sustainability and technological advancement.”

corporate.exxonmobil.com

www.bp.com

www.fieldnode.com

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Companies & MarketsNews
January 22, 2024

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