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Dr. Young-Woong Lee, Principle Science Expert at Shell Research Connect / GameChanger and Shell’s Principal Partnership Advisor for MIT, presents the ERL FISH talk “Digital Asset Lifecycle Management System – State of the Art”
“This presentation provides an overview of the Digital Asset Lifecycle Management System being developed by Shell for managing the entire lifecycle of offshore structures efficiently and cost-effectively, from ideation, design and construction, through operation and decommission by integrating existing and emerging technologies in innovative ways to reduce cost, risk and maximize value through entire lifecycle of offshore systems, cradle to grave. The strategy and workflow processes for design and implementation of the program are described with focus on three major areas: 1) Advanced Engineering Design and Construction – enabling challenging brown/green field projects on time, under budget, with reasonable conservatism by reducing and understanding uncertainties in decision making, 2) Asset Integrity – ensuring integrity and reliability of deepwater facilities through a prognostic and holistic suite of tools and techniques, 3) Life Extension – developing intelligent prognostic health management systems to accurately estimate remaining useful life based on data Analytics with prediction capability to utilize historical and real-time info related to asset health. The principles and experiences outlined in this talk will be of direct interest to professionals interested and engaged in improving both the safety and the performance of deepwater facilities for oil and gas production.”
Young-Woong Lee is regional manager – N. America, East Coast at Shell Research Connect and GameChanger working in partnership with the broader research organization to identify, cultivate and accelerate early stage, external technology innovations particularly for new energy & digital transformation in the external environment. His primary role is to effectively engage in the active ecosystem and manage the overall relationships with academia, research institutes and National labs in the region. His previous position was Team Lead, Deepwater Development Systems at Shell International Exploration & Production supporting Shell achieving growth leadership in global DW production through innovating, developing and implementing technologies and advanced capabilities in the area of floating systems, riser/pipeline, asset integrity, and offshore safety to reduce development cycle time/CAPEX and safeguard License To Operate in challenging operations In addition to his current role, he was appointed as one of 14 Principal Science Experts across global Shell in 2014 to serve as “science coach”, supporting staff in becoming world class scientists and create/maintain strong external networks with universities and other external knowledge centres.Young-Woong Lee had a PhD in Applied Mechanics from MIT. While at MIT, he developed new adaptive and re-configurable double hull structures that substantially improved fracture resistance. Prior to joining Shell, he worked for BMW in Germany, followed by 6 years as an assistance manager at Hyundai Motor in Korea, and 4 years at GE Global Research Center in New York.