CIMdata PLM Industry Summary Online Archive

18 May 2004

Implementation Investments

Statoil Selects AspenTech's Integrated Solution for Front-End Engineering Design

Aspen Technology, Inc. ( http://www.aspentech.com ) announced that Statoil, a major Norwegian oil & gas producer, has signed a multi-year license agreement to deploy AspenTech's integrated software solution for Front-End Engineering Design (FEED). Statoil will use the solution, which combines process simulation, economic evaluation and engineering data management, to create more efficient engineering work processes for major new exploration and production projects.

AspenTech's FEED solution provides a framework that supports a collaborative engineering approach, with multiple engineering disciplines integrated together using a common set of process and economic data. This integrated approach will enable Statoil to create a range of alternative design concepts, analyze process performance, and produce good budget estimates, using significantly fewer engineering man-hours than with conventional techniques.

"Selecting the optimal design option for a new offshore platform or process facility requires detailed analysis of various process alternatives and a clear understanding of the investment implications," said Oivind Nilsen, Vice President of Concept Development at Statoil. "AspenTech's integrated engineering solution will enable us to cut the time it takes to develop and screen alternative concepts in the conceptual design phase, leading to a reduction in engineering costs and a faster time-to-market."

The process simulation capability in the solution is provided by AspenTech's HYSYS® modeling environment, which combines a user-friendly architecture with simulation technology. The Aspen ZyqadT engineering data management system allows simulation data to be shared among multiple users, and also stored for re-use after the concept design stage, during detailed engineering and operational improvement programs.

Statoil is an integrated oil and gas company with substantial international activities. Represented in 28 countries, the group had 19 326 employees at the end of 2003. Nearly 40 per cent of these employees work outside Norway. Statoil is the leading producer on the Norwegian continental shelf and is operator for 20 oil and gas fields. The group's international production is enjoying strong growth, and Statoil is a leading retailer of petrol and oil product in Scandinavia, Ireland, Poland and the Baltic states. One of the major suppliers of natural gas to the European market, Statoil is also one of the world's biggest sellers of crude oil. For more information, visit http://www.statoil.com

 

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