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DeNovo Drives Operational Excellence through Dynamic Simulation and Real-Time Insights
Technology Category
- Analytics & Modeling - Digital Twin / Simulation
- Analytics & Modeling - Predictive Analytics
Applicable Industries
- Oil & Gas
Applicable Functions
- Discrete Manufacturing
Use Cases
- Predictive Maintenance
- Process Control & Optimization
Services
- Software Design & Engineering Services
The Challenge
DeNovo, an independent upstream operating company based in Trinidad and Tobago, was seeking to leverage the best technology commercially available to run optimized operations that support innovation, enhanced workflows, and industrial efficiency. The company manages complex operations with a wide range of risk profiles and needed to be agile and highly efficient to remain safe, competitive, and profitable. Operating inefficiencies could account for as much as 25% loss in production output and up to a 40% increase in energy and operational costs.
About The Customer
DeNovo is an independent upstream operating company headquartered in Trinidad and Tobago. The company is focused on monetizing proven natural gas reserves for use in the petrochemical sector. DeNovo operates Block 1(a), located offshore the west coast of Trinidad, and is actively seeking to grow its asset portfolio. The company is committed to building a safe, sustainable, and profitable business that will positively impact the Energy Industry and ultimately enhance Trinidad and Tobago.
The Solution
After conducting comprehensive research and an in-depth analysis of technology products and solutions, DeNovo concluded that AspenTech’s aspenONE® solution portfolio was the right solution to achieve its strategic goals. The company chose aspenONE primarily because of its ease of use, flexibility, and proven results from having been deployed at more than 3,000 sites around the world. AspenTech enables customers to achieve operational intelligence to ultimately drive operational excellence by enhancing design workflows, optimizing operations, and maintaining asset integrity. aspenONE will enable DeNovo to store and visualize all operational data in dynamic ways so they can make operational, tactical, and strategic decisions in real time.
Operational Impact
Quantitative Benefit
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