BP extends AspenTech partnership
The company is utilising aspenONE Engineering, and aspenONE Manufacturing and Supply Chain
BP, a global integrated oil & gas company, has extended its ongoing collaboration with Aspen Technology, an asset optimisation software firm.
Continuing to build on their pre-existing relationship, BP has renewed its license agreement for aspenONE Engineering, and aspenONE Manufacturing and Supply Chain. The former serves as a suite of products focused on process engineering and optimisation, while the latter oversees process operations and supply chain.
As per the agreement, BP will utilise Aspen PIMS-AO for refinery planning, as well as deploying Aspen Advanced Process Control (APC) solutions and Aspen HYSYS solutions for engineering and optimisation.
With these additions, BP will be able to seize key opportunities within the price cycle and energy trends, in terms of refinery planning and execution, while also improving capacity management and enhancing margins.
Commenting on the partnership, Antonio Pietri, president and CEO, AspenTech, shared: "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."
Aimed at streamlining process engieneering, aspenONE Engineering platform's features include process modeling, analysis, safety and design tools. Accessible through process simulators Aspen HYSYS and Aspen Plus, the solution can help operators monitor costs, reduce energy usage, and improve safety standards.
Meanwhile, aspenONE Manufacturing and Supply Chain software suite enables users to optimise feedstock and respond faster to disruptions. Through Aspen PIMS-AO, planners are able to quickly assess and tackle business challenges, while Aspen Petroleum Scheduler helps operators to schedule activities related to the refinery.