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Enabling Modeling Excellence for Oil & Gas Companies
Welcome to this issue of Aspen HYSYS® Insights which focuses on the benefits that Aspen HYSYS and related products bring to the upstream oil & gas segment - drilling and production (reservoirs, wells, and gathering systems), midstream (gas plants, LNG, GTL, and heavy oil processing), and facilities.
Most of you are aware of the tremendous value that Aspen HYSYS offers in the downstream refining segment; however, did you know that Aspen HYSYS is delivering similar value in upstream? The integration between upstream and downstream is becoming a competitive differentiator for leading energy companies.
To that end, we are excited to announce the expansion of our Schlumberger partnership which allows us to deliver even greater value to the oil and gas market by providing integrated solutions that span the reservoir to the refinery. Our combined commitment, expertise, and technology are enabling these leading companies to optimize their oil & gas assets.
AspenTech will continue to enhance and supply HYSYS, HYSYS Upstream, and related software solutions directly to you. Click here to read the press release or contact AspenHYSYS.Innovation@aspentech.com for more information.
Enjoy this edition of Aspen HYSYS Insights. Please read on to learn more about how to design, visualize, analyze, and manage your oil & gas assets with excellence.
Sincerely yours,
Blair Wheeler, Senior Vice President, Marketing
“The agreement allows AspenTech and Schlumberger to fully capitalize on our individual strengths and technologies, and ultimately, deliver significant value to our customers.”
— Mark Fusco, AspenTech President and CEO
Spotlight on Oil & GasIncrease Production and Efficiency, |
According to executives at April’s Society of Petroleum Engineers (SPE) Intelligent Energy Conference, a top priority for the oil & gas industry is how to take advantage of the wealth of knowledge and technology already developed to help E&P companies increase production, reduce costs, operate efficiently, and boost recoverable reserves. There is a clear desire for collaboration across traditional barriers, throughout the entire producing system.
Expert ViewModeling for the LNG Value Chain |
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Michael Szatny & Sanjeev Mullick of Aspen Technology describe LNG process automation, from design through production and regasification
— Reprinted from LNG Industry, Autumn 2005
LNG is a critical energy resource today, and with numerous new LNG ventures under development, its importance is set to increase. While the market is becoming more mature, LNG trading prices remain very dynamic, due to demand-supply volatility, geopolitical concerns, regulatory issues, and public scrutiny.
Global Services UpdateModeling Applications for Oil & Gas Industry |
In the current hydrocarbon market environment, AspenTech Global Services’ optimization solutions typically yield production increases of 2-6%, providing oil & gas companies with a cost-effective approach to increase their ROCE.
These solutions are based on Aspen HYSYS facility models coupled with well performance curves from well simulators such as Schlumberger’s PIPESIM, implemented as spreadsheet correlations. The pipeline network, a crucial element if hydraulic effects are to be accurately predicted, can be modeled using Aspen HYSYS built-in capabilities or third-party pipeline simulators. Gas-lift and gas or water injection wells, often used for enhanced oil recovery, are also included in the Aspen HYSYS-based model. The models are automatically tuned with real-time data from process data historians such as Aspen InfoPlus.21®.
AspenTech’s Professional Services Provides Model-based Operations Decision Solutions for Oil & Gas Assets
Tips&TricksMaximize Your Simulation Investment:
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Research shows that simulation and Microsoft Excel are two of the most commonly used applications in process engineering. Aspen Simulation Workbook™ enables process engineers to increase the value of their simulation investment by providing easy and robust integration between AspenTech’s simulators, such as Aspen HYSYS, and Microsoft Excel. This tool facilitates collaboration between production and process engineers in oil and gas. To learn more about linking Aspen HYSYS with the Aspen Simulation Workbook™, please read Solution #118330 on our online Support Center.
Dynamic Model: Centrifugal Compressor fitted with |
Is your centrifugal compressor fitted with inlet guide vanes as a means of performance control? Are you wondering if it is possible to model this option using Aspen HYSYS Dynamics? The answer is, yes, inlet guide vanes are a built-in feature of Aspen HYSYS Dynamics. To find out more about this option and to review an example simulation, please refer to Solution #117509 on our online Support Center.
Steady State Model: LNG liquefaction process |
The refrigeration and liquefaction section is the key element of the LNG plant. There are several licensed processes available with varying degrees of application and experience. This example uses the APCI propane pre-cooled mixed refrigerant process (MCRTM). This process accounts for a very significant proportion of the world’s baseload LNG production capacity. For more details and an example model, please review Solution #115668 on our online Support Center.
Aspen HYSYS Upstream |
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Aspen HYSYS Upstream builds on the power of Aspen HYSYS and delivers additional benefits in upstream oil & gas simulations. New capabilities and improvements include: |
| PVT Environment |
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| Schlumberger PIPESIM Net Link |
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| Petroleum Experts GAP/PROSPER Link |
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| Aspen Hydraulics |
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Online Support Center |
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Not a member of AspenTech’s Online Support Center? |
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Click here and register. Enjoy the benefit of AspenTech’s web support services and our online support knowledge base; registered users receive personalized monthly Technical Support e-Bulletins. |
“A program that took weeks to write using the Visual Basic interface only took 20 minutes in Aspen Simulation Workbook!”
Event CalendarAspen HYSYS Product Family Webinar Series |
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Topic: Flare System Health Check Click here to see a complete listing of future web seminars and register. |
On Demand Webinars |
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To view our recent on demand webinars, Customer Support Center members please click here. New users, register here.
If you are not an AspenTech customer and would like additional information how you can begin improving your design and operation processes with Aspen HYSYS and related solutions, please contact AspenHYSYS.Innovation@aspentech.com. |
Feedback Survey |
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We want to make sure that Aspen HYSYS Insights newsletter brings you valuable information. Please click here to complete a brief survey. |
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Spotlight on Oil & Gas |
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The key is to bring to the production and midstream markets the proven capabilities developed by the process industry for refining and further downstream. To help you achieve this, AspenTech offers:
- Increased value for oil & gas production engineering processes by leveraging the combined strengths of Aspen HYSYS, integrated modeling AspenTech solutions, and our leadership in design and operations modeling of the complex equipment used in the oilfield.
- A complete solution to understand the full production process, from reservoir through to the sales meter. Our agreement with Schlumberger Information Solutions (SIS), a leading service company, provides a full-scope, end-to-end software solution for oilfield management and production optimization.
- Optimizing midstream processing for companies making significant investments in liquefied natural gas (LNG), gas processing, heavy oil upgrading, and tar sands production by applying our core expertise in designing process facilities and providing model-based operations decision support to midstream processing facilities.
Expert View |
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To better manage this uncertainty, the systems making up the entire LNG value chain (from production, liquefaction and shipping in specially designed vessels, to regasification at the destination terminal) have to be designed and operated in an optimal, safe and reliable fashion.
This complex business climate makes it imperative that companies investing in new LNG projects have confidence in both the technical and economic models required to support optimal decision making. This article looks at some of the best practices that enable better capital investment decisions based on rigorous model based analysis of process, equipment design and economic alternatives. It examines ways to leverage those same rigorous models to maximize operating performance, and to ensure safe and reliable operation of the LNG assets through the use of advanced process control technologies. Industry examples and case studies are used to illustrate the recommended practices. Read full story.
Global Services UPdate |
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This asset model is then used to optimize a number of business scenarios such as:
- Maximize total production revenue (Gas + Condensate + Oil)
- Maximize asset’s profit margin
- Meet contractual quantity of gas and maximize associated liquid hydrocarbon production
- Maximize oil production, minimize associated gas production
The optimizer typically factors in the asset’s operational constraints such as pipeline transport capacity, compressor and pump capacity, and allowable pressures. For example, this allows the optimizer to reach feasible solutions when limited lift-gas compression capacity is available. Environmental constraints such as flaring objectives can also be taken into account. For more information, contact your AspenTech account manager or email: AspenHYSYS.Innovation@aspentech.com
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