RemSense Technologies Ltd (ASX:REM) has secured a contract from Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) to deploy its cutting-edge virtualplant technology to create a photogrammic digital twin of one of Woodside's floating production storage and offloading (FPSO) vessels.
The contract revenue is $246,440 which includes operational data capture and a 12-month virtualplant subscription.
The work is scheduled to start calendar Q1 2024. Notably, this is the third FPSO contract awarded to RemSense In the last twelve months.
RemSense CEO Warren Cook said: "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."
Be there, without going there
Virtualplant is an asset visualisation platform that utilises virtual reality (VR) and artificial intelligence (AI) technology to create a digital representation of plant assets that links to existing business operations and asset management systems.
It simplifies collaboration across teams, contractors and partners by providing visual ways of working in one common platform and by being accessible anytime, anywhere, on any device.
Read: RemSense names Warren Cook as new CEO
Warren Cook took over as CEO last month from founder Steve Brown, who remains on the board as a director and will continue to provide support and input into the development and growth of virtualplant.
Cook has more than 20 years’ experience in the development and sale of software solutions for the resources industries.
He was the CEO of acQuire Technology Solutions from 2006 to 2013 which delivered information management software solutions for the resources industry and was most recently the Country Manager for EarthSoft Inc which develops and provides environmental data management software for government, mining and oil and gas companies.