Empower Your Teams with Deeper Insights
AspenTech Pharma Suite offers a comprehensive solution to optimize production in the upstream sector, ranging from reservoirs to separation and processing plants. By leveraging this innovative software, companies can maximize profitability while ensuring compliance with Environmental, Social, and Governance (ESG) standards. The platform empowers cross-functional teams, including geologists, reservoir engineers, production engineers, process engineers, and control engineers, to collaborate and make data-driven decisions for enhancing the operational efficiency of reservoirs, wells, surface pipeline networks, and processing facilities. With AspenTech Pharma Suite, organizations can achieve an improved asset value of over 7%, realize a gain of $20-35 million per site annually, and increase production by 2-4%.
Implement Key Processes to Improve Your Production Performance
To enhance production performance in the upstream sector, AspenTech Pharma Suite implements key processes focused on Subsurface Science & Engineering, Process Engineering, and Advanced Process Control & Optimization. Subsurface Science & Engineering enables companies to identify opportunities to extend asset life through production optimization and near-field exploration, leveraging advanced technologies such as geophysics, petrophysics, geologic modeling, and reservoir and pipeline flow simulations. Process Engineering ensures accurate prediction of yields and properties of process streams from surface processing facilities, as well as facility emissions and energy usage, through rigorous simulation of end-to-end processing units. Advanced Process Control & Optimization allows organizations to optimize production rates, minimize energy consumption, and effectively manage process disruptions by implementing AI-embedded adaptive process control for consistent peak performance.
Success Stories of Production Optimization
One notable success story comes from YPFB Andina, a company that significantly increased gas production and revenue by $280 million within a year using an integrated model of multiple gas production facilities across Bolivia. Additionally, a major operator in the Caspian Sea region reduced exploration costs by up to 20% through the deployment of Aspen Pharma Suite's reservoir modeling and production solutions. Furthermore, Petrofac achieved a 20% increase in capacity by debottlenecking gas processes and optimizing heat exchangers using Aspen HYSYS with Activated EDR models. These success stories demonstrate the tangible benefits and ROI that organizations can achieve by leveraging AspenTech Pharma Suite for production optimization in the upstream sector.
Driving Operational Excellence with Subsurface Intelligence
AspenTech's Subsurface Science & Engineering technologies drive operational excellence by connecting subsurface intelligence to surface operations. By employing advanced scientific methods, the platform delivers highly accurate results, helping companies minimize operational costs and maximize return on investment in the upstream sector. Furthermore, AspenTech Pharma Suite facilitates efficient data integration, visualization, and mapping, enabling operators in mature basins to interpret new prospects swiftly and streamline prospecting processes effectively.