AVEVA unveils Real-Time Crude solution for Oil and Gas operators
Cambridge engineering software world leader AVEVA has devised next generation technology designed to make Oil & Gas companies globally more competitive.
AVEVA Real-Time Crude, a solution developed with Schneider Electric, combines cutting-edge analytical equipment with powerful machine-learning techniques to provide rapid and reliable crude oil assays across the enterprise in a matter of minutes.
The technology is designed to help customers gain visibility into their business and operations to swiftly understand how crude quality impacts their value chain.
With the Oil and Gas industry facing massive disruption, a lack of visibility into the supply chain has led to difficulties with reacting to market changes in real time, AVEVA says.
Timely information leads to advantages, including more intelligent purchasing decisions, improved operational planning, better allocation of refining resources, and more certain product volume and quality predictions, the company claims.
Harpreet Gulati, senior vice-president for AVEVA’s Planning & Operations Business Unit, says: “As the only truly unified platform for process industry supply chain management, AVEVA Unified Supply Chain is a single source of knowledge enabling enterprises to share and communicate decisions between diverse teams, promoting collaboration and discussion across global locations delivering increased visibility which enables rapid reaction to changing market conditions.
“It comprises modules for planning, scheduling, assay management and supply distribution that can share common information promoting an understanding of the entire plant and of the business. Utilising common data, models, and user management, it promotes collaboration and visibility across the entire supply chain.
“Given the fluctuating oil prices, volatile markets and the severe global economic downturn projected, the launch of Real-Time Crude is opportune as it addresses many of the known issues that have been plaguing the energy industry.
“In an industry that survives by being nimble to fluctuations in prices of crudes and products, AVEVA’s offering provides fast information on crude quality to improve efficiency, reliability and agile decision making,.”
Matthew Carrara for Schneider Electric added: “Real-Time Crude is at the cutting edge of much needed developments within the volatile energy industry and Schneider Electric and AVEVA are committed to helping customers quickly navigate these uncertain times to function safely, efficiently and reliably.
“This key feature of the AVEVA Unified Supply Chain demonstrates the true potential of bringing advanced analytical equipment and machine learning technologies to the forefront without being complicated.
“Our combined goal is to deliver innovative solutions that will not only create efficiencies but also help customers to stay ahead of the curve.”