AspenTech models upstream assets for oil & gas industry
Posted: 11 September 2003
New version of HYSYS modeling software enables companies
to achieve increased benefits by optimising their upstream asset
including wells, flowlines and facilities
Aspen Technology, Inc. announced a significant expansion of its
solution for the Oil & Gas industry with the launch of the latest
version of its HYSYS modeling software, which incorporates new functionality
and features for the upstream market.
HYSYS 3.2, part of the Aspen Engineering Suite (AES), includes
a new Oil & Gas Upstream product option that will enable companies
to simulate and optimise their upstream asset including wells, flowlines
and facilities.
This capability is achieved by integration with industry-standard
third-party applications, creating integrated workflows that allow
companies to achieve global production optimisation, resulting in
significant improvements in return on capital employed (ROCE).
The Oil & Gas Upstream Option for HYSYS provides companies
with the ability to create accurate, integrated, asset models, improving
decision-making and performance throughout the asset lifecycle.
Production increases can be achieved from gas lift optimisation,
production optimisation and accurate model-based asset planning,
while "what if" studies can help producers to identify
the best return on capital employed in asset development.
The use of a single, consistent, model, from reservoir through
process facilities, will generate additional benefits through improved
engineering efficiency and workflow integration.
"The ability to model an upstream asset in an integrated way
is a major step forward for Oil & Gas companies," said
Manolis Kotzabasakis, Sr. Vice President of Engineering at AspenTech.
"By working closely with global leaders in upstream technology,
we have been able to create a comprehensive solution that combines
the best-in-class HYSYS modeling environment with other leading
methodologies specific to the Oil & Gas industry."
The HYSYS Oil & Gas Upstream Option uses industry-proven methodologies
to enable companies to predict the behavior of the production fluid
and then integrate the reservoir characterisation with the process
facility.
This is key to the accurate simulation of upstream systems, since
an accurate compositional analysis in the reservoir or at the wellhead
is rare. The HYSYS Oil & Gas Upstream Option incorporates the
two main industry methodologies used by petroleum and production
engineers to address this issue and understand the behavior of the
reservoir fluids - Black Oil and PVT Analysis.
These methodologies are provided by industry-leading technology
companies in this area and directly integrated into the HYSYS Oil
& Gas Upstream Option.
In addition, asset-wide modeling capability is made possible by
providing runtime interfaces to specialised well and flowline modeling
tools. This capability enables HYSYS 3.2 to be integrated with Schlumberger's
industry-leading engineering tool, PIPESIM-NET.
The hydraulic integration provides the ability to interface the
process facilities to the single branch or networked well and surface
flowline models. This integrated modeling approach now allows the
joint examination of reservoir, well and facility performance.
AspenTech's upstream solution also contains a standard hydraulic
data model for the inclusion of any third party well and flowline
model into the process facility simulation.
HYSYS 3.2 will be available for commercial release in November
2003. Additional Oil & Gas Upstream technology, using HYSYS
as a modeling engine, will be delivered in early 2004 with the release
of Aspen AssetBuilderTM , featuring new capabilities to support
the visualisation, modeling, optimisation, planning, data handling
and real-time data connectivity of the complete upstream asset.
The Aspen Engineering Suite is an essential element of AspenTech's
solutions for enterprise operations management (EOM) in the process
industries. These integrated, enterprise-wide solutions combine
engineering and manufacturing/supply chain technologies to help
companies optimise the way they engineer and run their manufacturing
and supply chain operations.
About AspenTech
Aspen Technology, Inc. provides industry-leading software and implementation
services that enable process companies to increase efficiency and
profitability. AspenTech's engineering product line is used to design
and improve plants and processes, maximising returns throughout
an asset's operating life.
Its manufacturing/supply chain product line allows companies to
increase margins in their plants and supply chains, by managing
customer demand, optimising production, and streamlining the delivery
of finished products.
These two offerings are combined to create solutions for enterprise
operations management (EOM), integrated enterprise-wide systems
that provide process manufacturers with the capability to dramatically
improve their operating performance.
Over 1,500 leading companies already rely on AspenTech's software,
including Aventis, Bayer, BASF, BP, ChevronTexaco, Dow Chemical,
DuPont, ExxonMobil, Fluor, Foster Wheeler, GlaxoSmithKline, Shell,
and Total.
For more information see www.aspentech.com.
Posted by Richard Price,
Editor Pipeline Magazine
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