RemSense Technologies (ASX:REM) has received a $246,000 contract from Woodside Energy to implement its virtualplant product to create a photographic visual twin of one of Woodside’s Floating Production Storage and Offloading (FPSO) vessels.
This will be the third FPSO contract awarded to RemSense, which has a $6.39 million market capitalisation, in the last year.
Commenting on the contract, RemSense Technologies Chief Executive Officer (CEO) Warren Cook says: “The award of this contract reinforces the strong relationship between RemSense and Woodside. It’s further evidence of Woodside’s recognition of the benefits virtualplant delivers to their business.”
“The award of this contract reinforces the strong relationship between RemSense and Woodside”
The work is expected to begin in the first quarter of next year.
Woodside’s includes operational data capture and a 12-month virtualplant subscription.
Virtualplant is a photographic asset visualisation platform that ‘fulfills the promise of VR/AI technology’ as a digital representation of plant assets. It integrates with existing business operations and asset management systems to deliver ‘greater’ productivity, increased safety, and reduced costs.
RemSense Technologies is an ASX-listed technology solutions company. The company began operations in 2012 by offering commercial drone services in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: RemSense Technologies