Empower Your Teams with Deeper Insights
AspenTech's AspenTech for Refining solution aims to optimize production from the reservoir to separation and processing plants in the upstream sector. By leveraging this solution, companies can maximize profitability and ensure compliance with ESG standards. The platform empowers teams across various disciplines including geologists, reservoir engineers, production engineers, process engineers, and control engineers to improve the operation of reservoirs, wells, surface pipeline networks, and processing facilities. This comprehensive approach leads to improved asset value of over 7%, a gain of $20-35 million per site, and an increase in production by 2-4%.
Production Optimization of Natural Gas Pipelines & Field Production Facilities
One of the success stories highlighted by AspenTech's solution is how YPFB Andina increased their gas production and revenue by $280 million in just one year. By utilizing an integrated model of multiple gas production facilities spread across Bolivia, companies can effectively optimize their production operations and achieve significant financial gains. AspenTech for Refining provides the tools and processes necessary to improve production performance, ensuring sustainable growth and profitability.
Key Processes to Enhance Production Performance
The AspenTech for Refining solution focuses on key processes essential for enhancing production performance in the upstream sector. These include subsurface science and engineering, process engineering, and advanced process control & optimization. Through subsurface science and engineering, companies can extend the life of assets by optimizing production and near-field exploration. Process engineering enables accurate prediction of process streams, emissions, and energy usage. Advanced process control & optimization ensures optimized production rates, reduced energy consumption, and effective management of process disruptions.
Implementing Advanced Technologies for Improved Performance
AspenTech's AspenTech for Refining solution leverages advanced technologies to drive operational excellence in the upstream sector. By connecting subsurface intelligence to surface operations, companies can make informed decisions that minimize costs and maximize returns on investment. The integration of subsurface science and engineering technologies enables companies to reduce uncertainty and make responsible asset management decisions. Furthermore, process engineering and advanced process control & optimization technologies provide the necessary tools to improve production planning, operation, and performance.