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BP and AspenTech partner to improve operations

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Hydrocarbon Engineering,


BP has renewed its license agreement for Aspen Technology, Inc.’s aspenONE® Engineering (a suite of products that are focused on process engineering and optimisation) and aspenONE Manufacturing and Supply Chain (a suite of process operations and supply chain software).

This global strategic enterprise agreement allows BP to leverage a range of AspenTech’s solutions, including Aspen PIMS-AO for refinery planning, Aspen Advanced Process Control (APC) solutions and Aspen HYSYS® solutions for engineering and optimisation.

Through its wide deployment of this planning software, BP can address key opportunities to move with price cycle and energy trends in refinery planning and execution, improving capacity management and increasing margins.

The aspenONE Engineering suite integrates process modelling, analysis, safety and design tools. Process design and improvement for safer operations, improved energy use and sustainability, capital and operating costs and product yield can be achieved using this suite.

The aspenONE Manufacturing and Supply Chain software suite allows customers to optimise feedstock, respond quickly to disruptions, capitalise on trading opportunities, and optimise inventory and transportation assets. It delivers complete petroleum supply chain optimisation with integrated refinery planning and scheduling and standardised platforms for primary and secondary distribution networks.

Aspen PIMS-AO enables planners to quickly and easily solve their complex business challenges. Aspen Petroleum Scheduler supports the key scheduling activities for a refinery.

The aspenONE software suite helps customers, such as BP, to respond more quickly, safely and sustainably to market opportunities, with higher reliability and lower energy use, and to achieve higher oil and gas production levels with existing assets.

Read the article online at: https://www.hydrocarbonengineering.com/product-news/16112017/bp-and-aspentech-partner-to-improve-operations/

 

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This article has been tagged under the following:

Downstream news Oil refinery news BP news Downstream contract news