Operators and tier one contractors gathered in late January for a meeting to establish the UK Hub Digital Data Exchange steering group.
This collaborative project will standardize the collection of information about equipment and parts across the industry. This will mean avoiding duplication and creating business efficiencies worth millions of pounds per year.
The UK Hub utilizes SHAREcat technology, developed over a 20-year period with the objective to collect, validate, maintain and distribute supplier information. The technology has been further enhanced to provide a collaborative, industry-owned platform creating maximum business efficiencies. Sharecat Solutions is leading the hub’s technical development with Vice President Brian Imray acting as the UK Hub’s director.
Over two years of effort from multiple participating associations and industry partners, alongside extensive engagement with all levels of the supply chain, has resulted in the creation of this collaborative tool. It will prove a critical component in the management of equipment information across all phases of an asset’s lifecycle, from operations, through late life asset management to decommissioning in the UK Continental Shelf.
Industry experts put their heads together
UK Hub Business Development Manager David McColgan welcomed 21 industry experts to the event at the Oil and Gas Technology Centre in Aberdeen. Industry and association feedback from the event was very supportive.
“BP, as with many leading operators, is looking at how we can transform our supply chain effectiveness and efficiency through use of technology. The UK Hub complements this through standardized and comprehensive materials data, visibility of equipment, spares and parts used by multiple operators and tier 1 suppliers across the basin. This reduces engineering time, material master duplication and sourcing lead times,” says Murdo Macleod, Materials Management and Distribution Manager at BP.
“The benefits of digitally transforming Equipment Information Management for the Oil and Gas industry via the UK Hub are clear. Inaccurate equipment data and documentation leads to costly wastage of time and resources; a cross industry initiative to transform processes by collecting, storing and sharing standardized and quality-assured information for equipment and parts across the industry is essential,” adds Digital Solutions Centre Manager Stephen Ashley from the Oil & Gas Technology Centre.