BP Partners with AspenTech to improve operations through technology
Aspen Technology, Inc., the asset optimisation software company, announced that BP, one of the provider of integrated oil and gas companies, has renewed its license agreement for aspenONE® Engineering, a market suite of products 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 the full range of AspenTech’s best in class 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 AspenTech 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.
aspenONE® Engineering is a market suite of products focused on process engineering and optimisation. Process modeling, analysis, safety and design tools are integrated and accessible through process simulators Aspen HYSYS® and Aspen Plus®. Process design and improvement for safer operations, improved energy use and sustainability, capital and operating costs and product yield are all 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, says Antonio Pietri, president and chief executive officer, AspenTech.
“AspenTech is pleased to be one of BP’s strategic partners. This relationship will allow AspenTech to support BP’s production performance by integrating asset design with operational planning to enable profitable, agile operations across entire business and asset lifecycles.”