Honeywell recognised for I-MAC approach to oil and gas project management

Based on its recent analysis of the main automation contractors (MAC) in the oil and gas industry, Frost & Sullivan recognised Honeywell Process Solutions (Honeywell) with the 2014 Canadian Frost & Sullivan Company of the Year Award. Honeywell leverages its integrated MAC (I-MAC) approach in oil and gas capital projects to fully integrate requirements from clients; project management consultants (PMC); engineering, procurement and construction (EPC) firms; sub automation vendors; and IT solution providers. This holistic method not only accelerates the fulfilment of project objectives, but also delivers a seamless experience over the entire asset life cycle.

Automation vendors are constantly challenged to resolve the complexities inherent in automation system integration through the lifecycle of a project. For instance:

• During the construction phase, the focus will be on controlling the project cost and schedule.
• In the start up phase, emphasis will be on fine tuning the production processes and achieving sustained levels of peak operating capacity.
• When the facility enters the operating lifecycle beyond this phase, the main issue will be optimising asset performance and all the processes involved.

Honeywell rises to this challenge with its I-MAC solution, which integrates several islands of solutions and provides scalable options to support continuous improvement.

Companies strive for success in the highly capital intensive Canadian oil sands industry by implementing lean philosophies; however, automation suppliers still find it difficult to compete effectively as their systems are highly dependent on requirements from multiple EPCs. Honeywell addresses this challenge by drastically improving the overall project schedule by keeping automation systems off the critical path. It achieved this by taking advantage of the recent developments in IT and aligning its project workflows.

Additionally, Honeywell is transforming project execution in the process industries with LEAP™, a proprietary project execution model, by employing three innovative technologies: universal input/output (I/O), virtualisation and cloud engineering. This model can enable capital savings of 30% and enhance scheduling by 25% for large automation projects. Furthermore, it can potentially shave off millions of dollars from the total cost of a large capital project, while improving the project schedule.

"Honeywell leverages virtualised servers and minimises the footprint in terms of equipment space, cooling, power and noise," observed Naveen Kumar. "It has also strategically invested in cloud technology to build an engineering platform that ties geographically diversified project teams to share data and collaborate without being limited by time or location."

By offering an advanced solutions portfolio, Honeywell systems provide flawless user experience, from operations excellence to enterprise collaboration (Intuition^® Executive). Its unique technology roadmap integrates simulation within the customer asset lifecycle and supports long term commitment to the customer. Moreover, its collaborative, customer centric approach to projects allows it to propose flexible, custom solutions in line with customers' needs regarding products, budget and contract length.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/22052015/honeywell-recognised-for-i-mac-approach-to-oil-and-gas-project-management-828/