BP Partners with AspenTech to Improve Operations Through Technology
November 15 2017 - 9:00AM
Business Wire
Broad adoption of AspenTech Asset Optimization
solutions supports BP in ensuring safe, reliable, operationally
efficient and sustainable operations
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today announced that BP, one of the world’s
leading integrated oil and gas companies, has renewed its license
agreement for aspenONE® Engineering, a market leading suite of
products focused on process engineering and optimization, and
aspenONE® Manufacturing and Supply Chain, a suite of process
operations and supply chain software.
This global strategic enterprise agreement allows BP to leverage
the full range of AspenTech’s best in class solutions, including
Aspen PIMS-AO for refinery planning, Aspen Advanced Process Control
(APC) solutions and Aspen HYSYS® solutions for engineering and
optimization.
Through its wide deployment of AspenTech planning software, BP
can address key opportunities to move with price cycle and energy
trends in refinery planning and execution, improving capacity
management and increasing margins.
aspenONE® Engineering is a market leading suite of products
focused on process engineering and optimization. Process modeling,
analysis, safety and design tools are integrated and accessible
through process simulators Aspen HYSYS® and Aspen Plus®.
Process design and improvement for safer operations, improved
energy use and sustainability, capital and operating costs and
product yield are all achieved using this suite.
The aspenONE® Manufacturing and Supply Chain software suite
allows customers to optimize feedstock, respond quickly to
disruptions, capitalize on trading opportunities and optimize
inventory and transportation assets. It delivers complete petroleum
supply chain optimization with integrated refinery planning and
scheduling and standardized platforms for primary and secondary
distribution networks. Aspen PIMS-AO enables planners to quickly
and easily solve their complex business challenges. Aspen Petroleum
Scheduler supports the key scheduling activities for a
refinery.
The aspenONE software suite helps customers, such as BP, to
respond more quickly, safely and sustainably to market
opportunities, with higher reliability and lower energy use and to
achieve higher oil and gas production levels with existing
assets.
Supporting QuoteAntonio Pietri, President and Chief
Executive Officer, AspenTech“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.”
Supporting Resources
About AspenTechAspenTech is a leading software supplier
for optimizing asset performance. Our products thrive in complex,
industrial environments where it is critical to optimize the asset
design, operation and maintenance lifecycle. AspenTech uniquely
combines decades of process modeling expertise with big data
machine-learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, and OPTIMIZE are trademarks of Aspen Technology, Inc.
All rights reserved. All other trademarks are property of their
respective owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171115005178/en/
AspenTechTony Mays, +44 (118) 92
26510tony.mays@aspentech.com
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Jul 2023 to Jul 2024