UAE-based Lamprell and Akselos, creator of advanced engineering simulation technology, have signed a deal that will allow the former exclusive rights to market structural digital twins for Lamprell-serviced assets in the Middle East and North Africa using Akselos’ leading edge software applications.
The deal follows successful use of Akselos’ technology in Lamprell projects which saw significantly improved reliability results.
Lamprell has over 40 years of experience and is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and renewable energy industries.
Under the terms of the agreement, Lamprell will be the sole distributor of Akselos’ software to any asset the company has designed, constructed, delivered or assessed across 13 countries in the MENA region and other nominated projects. The deal will enable Lamprell to offer its customers leading high fidelity engineering simulations for the optimized design, delivery and maintenance of wind farm foundations, jackup rigs, FPSO modules and a number of other offshore assets.
Thomas Leurent, Chief Executive Officer for Akselos said: “Having signed the initial MoU with Lamprell six months ago, it’s great to see our relationship grow. Lamprell began using our software on several complex projects and almost immediately saw unprecedented results compared to conventional engineering simulation. In a world where full-scale digital transformation is paramount to accelerate the energy transition, Lamprell is an early adopter in the fabrication and engineering space. We are very pleased to have found such a forward-thinking partner in the MENA region and I look forward to seeing what we achieve together.”
Akselos’ structural digital twins are underpinned by an algorithm that’s 1,000 times faster than competing software, enabling unrivalled accuracy and real-time use.
Christopher McDonald, Chief Executive Officer for Lamprell said: “Our engineering teams have been very impressed with Akselos’ technology. The accuracy and reliability we have been able to achieve in asset design is remarkable as there is no limitation in terms of size or complexity of the models we create. The results are optimised, providing more accurate designs and reduced CAPEX for our customers. One of our key strategic priorities is to harness innovation through digital technologies, and the rate at which we are able to bring such benefits to our customers is what will continue to give us a competitive edge.”
The deal follows an announcement last month naming Akselos as a World Economic Forum Technology Pioneer. The award was in recognition of the company’s contribution to a new innovation curve that will accelerate the energy transition.
