Energy & Oil and Gas

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Energy & Oil and Gas Description

Capital facilities engineering in the Energy, Process and Utilities (EPU) industry involves many stakeholders from increasingly specialized disciplines that use dedicated design and engineering tools. Although these ‘state-of-the-art’ tools increase performance in their specific domains, they tend to reinforce silos with heterogeneous technologies. At the project level, this increases complexity in interface management and change management, which in turn reduces quality, productivity and overall efficiency. As a result, companies fail to capture all the business value expected from their digital transformation.
New generation capital projects, therefore, demand sustainable and innovative approaches to achieve ‘zero-defect’ design and engineering that is construction and operation-ready. In order to foster collaboration across teams and over the life of the facility, digital continuity is an absolute necessity.

Based on the PROMECH Engineering solutions , Engineering Excellence provides EPU Engineering, Procurement and Construction companies and Owner-Operators with a unified environment that supports design and engineering of new capital facilities, as well as modernization and life extension of existing ones. At the heart of this solution is the Virtual Plant Model, which by collating information from multiple sources and multiple disciplines, gives engineers the time and insight to make better-informed decisions. Through early virtual simulation, companies have reported 25% fewer drawing revisions, 30% less time spent controlling the quality of their engineering deliverables and a 60% decrease in the number of field and site-based design error discoveries, thereby improving their rate of first-time-right designs delivered to construction.
Engineering Excellence proposes a full business transformation path that significantly enhances engineering efficiency and integrity, leading to substantial improvements in scheduling, overall quality, and project margins.

Gain a sustainable competitive advantage

The oil and gas (O&G) industry continue to face acute challenges due to volatile prices, increasing global demands, intense competition, dynamic HSEQ policy changes and skilled workforce shortages. Aging infrastructures also add pressures to improve productivity and reduce operational downtimes. To remain sustainable and profitable, O&G companies must execute efficient projects and run lean operations.
For this purpose, O&G companies must reassess strategic direction and objectives for successful business transformation at all levels. Hence, their strong focus on long-term strategies around competitive capital project execution, disciplined CAPEX and OPEX decisions, operational excellence, effective asset and portfolio management and robust supply chain management. Therefore, O&G companies need to invest in strategic technological solutions that simplify, improve, and capitalize business processes and information across the entire plant lifecycle.

Robust solutions based on the the PROMECH Engineering solutions specifically support implementation of the above strategies. O&G companies can manage data and business processes from concept to decommissioning, with a shared virtual model of their assets controlled by dedicated applications, to improve end-to-end project execution and operational efficiency.