AspenTech Enables Faster Decision-Making for Oil & Gas Assets in New Release of aspenONE® Software
Aspen Conceptual Design Builder Completes Models in Minutes, Reducing Risk When Developing Upstream Assets
Aspen Technology, Inc. (NASDAQ: AZPN) a leading provider of software and services to the process industries, today introduced Aspen Conceptual Design Builder (Aspen CDB) software that optimizes many aspects of upstream production facilities. A key component of Aspen HYSYS® Upstream in the latest release of aspenONE software, this innovative modelling tool enables rapid development and cost screening of new design alternatives to improve enterprise decision making for oil & gas assets.
John Hargreaves, Chief Process Engineer, Wood Group PSN
“Our study managers and engineers are always looking for innovative solutions to build on our capabilities in Conceptual and Front End Engineering Studies for our clients. Seeing these capabilities integrated into the HYSYS product suite will help us review more options and maintain best practices at the onset of projects.”
Vikas Dhole, Vice President Engineering Product Management, AspenTech
“The upstream business operates in an incredibly challenging and highly capital intensive environment. Owner operators need to make sound judgments on design options for their asset investment decisions. Aspen Conceptual Design Builder gives customers a competitive advantage in this highly volatile market, allowing them to automate and accelerate vital business processes.”
AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.
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