Product category:
CAM, CNC and production management software
News Release from: Aspen Technology | Subject: Aspen Oil and Gas Solution
Edited by the Engineeringtalk Editorial
Team on 30 April 2004
Software aids oilfield modelling and
simulation
Aspen Technology has developed an integrated software solution for the oil and gas industry.
Aspen Technology has developed an integrated software solution for the oil and gas industry The launch of the Aspen Oil and Gas Solution follows the commercial release of its two major new software components: the Aspen AssetBuilder asset modelling environment and the Hysys Upstream simulation technology
The solution enables companies to model, plan and optimise the production of an entire oil and gas field, including multiple wells, pipeline networks and process facilities, using an integrated simulation model.
"The capabilities provided by AspenTech's Oil and Gas solution fit with our vision of maximising the value we deliver to our upstream clients", said Lindsay Wheeler, General Manager of Process Engineering for Worley, a leading international engineering service provider to the oil and gas sector, which has licensed the Hysys Upstream product.
"The use of Hysys Upstream simulation, thermodynamic and optimisation technologies will significantly enhance our work processes by enabling our engineers to determine the optimal size and location of assets and pipelines, and ensuring that our clients realise superior returns from their investments".
The integrated asset model that forms the basis of the solution is generated using Aspen AssetBuilder.
The model enables companies to improve the day-to-day performance of their oil and gas fields by providing an environment in which engineers and planners can analyse and optimise complex production networks.
The model is based on a combination of the Hysys Upstream modelling technologies and industry-standard third-party applications from leading suppliers to the oil and gas market, such as Schlumberger Information Solutions (SIS).
These applications deliver detailed information about the production field so that the model can support accurate and timely operational decisions.
"AspenTech's simulation and optimisation technologies complement SIS' solutions in the area of upstream workflow and modelling", said Olivier Le Peuch, Vice President of Product Development for Schlumberger Information Solutions.
"The integrated asset model provides oil and gas companies with additional capabilities that will support production optimisation and field planning initiatives, and help identify opportunities to improve facilities utilisation".
The multiple applications and data sources that support the integrated asset model within Aspen AssetBuilder are connected in a common environment that is based on Microsoft.NET.
The connectivity gained through NET's support of web services helps customers harness an expanded array of existing tools, while protecting their options to incorporate new features in the future.
"Exploration and production companies have not been able to fully use conventional modelling solutions to manage and optimise their production systems", said Marise Mikulis, Industry Manager, Oil and Gas Industry Solutions, at Microsoft.
"The availability of the Aspen Oil and Gas Solution marks an important step forward for the upstream industry.
By developing its solutions based on a web-based architecture enabled by NET, AspenTech has been able to expand the scope for integrated modelling to significantly improve operations and increase value for oil and gas companies".
Aspen AssetBuilder is compatible with the integration, visualisation and analysis capabilities provided by the new Aspen Operations Manager suite.
This allows upstream companies to implement the Aspen Oil and Gas Solution as part of broader enterprise-level solutions that enable them to manage multiple fields and facilities using a single integrated system.
The Aspen Oil and Gas Solution is one of AspenTech's new vertical industry solutions for the enterprise operations management (EOM) market.
This is a new market space that is emerging as companies move to standardise on integrated software solutions to manage and optimise their day-to-day operations.
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