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Servitization for Energy Sector

A Pathway to Sustainable Growth

Servitization for Energy Sector

A Pathway to Sustainable Growth

Oil & Gas

Scovan Inc.

Calgary Canada

Scovan Inc.

Calgary,

Canada

Small to mid-sized oil and gas producers face cost pressures, operational inefficiencies, and increasing ESG requirements, demanding innovative, service-based solutions.

Fluctuating commodity prices and the need for capital efficiency are requiring leaner operational models. Servitization reduces operational risks while minimizing upfront capital expenditures, allowing operators to focus on continuous improvement and value generation through service contracts.
The adoption of Industrial Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics is revolutionizing operational efficiency. Companies that leverage the technology to reduce downtime, enhance maintenance strategies, and manage operational data will be positioned to lead the industry forward
Global pressure to reduce carbon emissions is pushing energy operators to integrate cleaner energy technologies and meet strict regulatory requirements. Real-time emissions tracking, carbon footprint management, and transparent sustainability reporting are becoming mandatory for survival.

Siemens Advanta and Scovan explored multiple servitization models and evaluated capital impacts for Oil & Gas companies.

Product-as-a-Service (PaaS): Instead of traditional equipment sales, service contracts that include predictive maintenance, digital monitoring, and performance guarantees shift costs from capital expenditures to operational expenditures. This model provides operators with predictable cash flows while maintaining asset reliability.
Lifecycle Asset Management: Leveraging digital twins and predictive analytics, companies can manage the complete lifecycle of assets, from design and commissioning to decommissioning. This reduces the total cost of ownership and maximizes uptime and environmental performance.
Outcome-Based Services: Operators and service providers can agree on specific performance metrics, such as emissions reductions or minimized downtime. This shifts the focus from equipment delivery to achieving measurable operational outcomes.

"Partnering with Siemens Advanta allowed us to tap into an incredible opportunity to redefine what servitization means for the energy sector. By combining our expertise in engineering with Siemens’ digital and strategic capabilities, we’ve unlocked new possibilities for our clients and the broader market. Our collaborative output demonstrates the power of our unique strengths."

Donovan Nielsen - President, Scovan

Servitization platforms deliver reduced downtime and operational costs, improved ESG compliance, and scalable models tailored for diverse operator needs, enabling cost-effective growth.

Siemens’ predictive maintenance platform and Scovan’s PadX improve asset performance and extend equipment lifecycles by reducing downtime through real-time data insights. A midstream operator implementing predictive maintenance achieved a 20% reduction in unplanned downtime, saving millions YoY.
Scovan’s HipVap and Siemens’ Insights Hub platforms provide real-time emissions tracking and sustainability management. This enables operators to meet regulatory demands while improving energy efficiency and reducing costs in parallel.
Our connected equipment capability streamlined data management, compliance reporting, and decision-making processes. This enabled real time asset utilization monitoring, schedule updates, and automated reporting.

Completion 2024

Port of Bremerhaven: Carbon-neutral port

Release Year 2019

Increased flexibility and shorter time-to-market thanks to modular production

Siemens Xcelerator

Sustainability

Release Year 2019

SIMATIC PCS myExpert

ID: 40805