Streamline Design and Capital Decision-making Processes in E&P · New Workflow Accelerates...

© 2011 Aspen Technology, Inc. All rights reserved

13 December 2011

Streamline Design and Capital Decision-making Processes in E&P

Aspen Conceptual Design Builder (CDB), Aspen HYSYS and Economic Analysis

Technical Solution Webinar

Host: Ken Dooley, Industry Marketing, AspenTech

Presenter: Wim Van Wassenhove, Business Consultant, AspenTech

© 2011 Aspen Technology, Inc. All rights reserved | 22

Disclaimer

Aspen Technology may provide information regarding possible future product developments including new products, product features, product interfaces, integration, design, architecture, etc. that may be represented as “product roadmaps.” Any such information is for discussion purposes only and does not constitute a commitment by Aspen Technology to do or deliver anything in these product roadmaps or otherwise. Any such commitment must be explicitly set forth in a written contract between the customer and Aspen Technology, executed by an authorized officer of each company.


• Screen a multiple scenarios to identify best options

• Estimate capital and operating costs for each scenario

• Make decisions based on experience or conventional wisdom

E&P Conceptual Engineering

Petroleum & Process Engineer

Results are conservative and sub-optimal

1 month

Cost estimates are not very reliable

Should I buy this asset?

How do I develop it? How many wells and platforms?


Capital & Operating Costs

Simple Menu for OptionsAutomatic Creation of HYSYS Process Model

Simple Menu for Options

Automatic Creation of HYSYS Process Model

Capital & Operating Costs

How many stages?

Use stabilizer column?

Target gas purity?

Dehydration configuration?

Gas lift ratio?Minutes to Evaluate Options!

Now: E&P Asset Appraisal with Aspen HYSYS


• Make a detailed GOSP Model

• Reuse existing templates

Quick Start for Facility Modeling

Facilities Engineer

Engineering company

I need that model by

THIS EVENING


New Workflow Accelerates Appraisal of GOSP

Conceptual Design Builder

– Collects relevant information

– Builds model

– Reports

The Workflow

– Define Project Basis

– Define reservoir fluid and export specs

– Define design preferences

– Create and run model

– Analyse production profiles


Define Project Basis


Define Reservoir Fluid and Export Specs


Create and Run ModelDefine Design Preferences


Define Production Profile and Strategy


Conceptual Design Builder (CDB) Demo

For more information on Aspen CDB:http://www.aspentech.com/products/aspen-cdb.aspx

http://www.aspentech.com/products/aspen-cdb.aspx





Cost

Estimator

Detailed Cost Estimate

Equipment

Designer

Final Equipment Design

aspenONE Engineering Workflow

12

• Electronic data transfer

• One software vendor

• Efficient

• Supports collaboration

Minutes

3 Days2 Days

Process

Engineer

4 Iterations – 10 days

Relative Cost Estimate

Hours

Preliminary Equipment

Design


View costs

13

Conceptual Design Selection –Aspen HYSYS Workflow

ViewModelGrid

LoadSimulation

Data

MapModels toEquipment

SizeEquipment

Object

EstimateEquipment

Costs

ViewEquipment

Grid

ActivateCostingEngine

Activate costing

Map equipment

Use equipment grid to enter materials and other details.

Evaluate costs

Load simulationdata


Integrated Costing ResultsDry Equipment Weights and Cost


Electronic data transfer

One software vendor

Efficient

Supports collaboration

Benefits of Integrated Economic Analysis

Capital Costs Reduce by up to

10-30%

Energy Costs Reduce by up to

50%

Engineering Efficiency Improve by up to

30%

Cost Estimator

Integrated workflow

ProcessEngineer


Cost Analysis Demo

For more information on Integrated Economics:http://www.aspentech.com/solutions/industry_solutions/epc/integrated-economics.aspx

http://www.aspentech.com/solutions/industry_solutions/epc/integrated-economics.aspx





Aspen Conceptual Design BuilderSummary and benefits

Consistent framework for technical and investment decisions early in the field appraisal and development process

– Enables rapid development and screening of design alternatives for new oil and gas production facilities

– Develop rigorous and extensible simulations from preliminary field data

– Quickly generate conceptual designs and associated capital and operating cost analysis for production facilities

– Analysis of multiple design scenarios over the asset and production life cycle (e.g., production profile, energy, emissions)

– Determine equipment sizes, weights and costs through integrated economic analysis

Benefits

– Promotes engineering efficiency

– Accelerates projects and time to first oil


Want to see similar results?

http://support.aspentech.com/training

Consider a training class from AspenTech




Aspen HYSYS: Process Modeling Training

Aspen HYSYS: Process Modeling (EHY101)

December 20, 2011 – Reading, UK

December 27, 2011 – Houston, TX

January 3, 2012 – Virtual-Americas

January 9, 2012 – Reading, UK

http://support.aspentech.com/supportpublictrain/CourseInfo.asp?course=EHY101

• Learn to build process simulations using Aspen HYSYS.

• Discover how Aspen HYSYS allows rapid flowsheet construction and bi-directional calculations.

• Investigate how templates and subflowsheets can streamline and organize simulation efforts.

• Learn how to do preliminary cost estimation using Aspen Process Economic Analyzer from the Aspen HYSYS Environment.



Modeling Oil and Gas Production and Facilities Using Aspen HYSYS Upstream Training

Modeling Oil and Gas Production and Facilities Using Aspen HYSYS Upstream (EHY351)

February 21, 2012 – Houston, TX

February 29, 2012 – Reading, UK


• Use the capabilities of Aspen HYSYS Upstream to enable shared workflow between production modeling and facilities modeling

• Solve system wide debottleneck and optimization problems by tightly integrating hydraulic models with your facilities models using Aspen Hydraulics

• Extend the skills gained in EHY101 Aspen HYSYS Process Modeling course by learning how to use the Upstream capabilities in Aspen HYSYS



Aspen Online TrainingFast, easy access to training content

Convenient, on-demand access from inside the product– Aspen Plus, Aspen HYSYS

– Aspen EDR, Aspen Economics

– Aspen Basic Engineering

Library of rich training content

Superior user experience– Getting Started

– What’s New

– Multiproduct Integration

– Best Practices

Links to additional support and training resources

All from within the product!For more information: http://www.aspentech.com/v7/aspen-online-training.aspx

New in

aspenONE

http://www.aspentech.com/v7/aspen-online-training.aspx







Aspen Search – Process Industry FirstSearch, navigate and filter for information

Quickly find the best model

Links models, people

and dataCurrently available

with Aspen Plus and Aspen HYSYS

Benefits:• Reuse of intellectual and

informational assets• Solve design, operational,

business problems faster• Enterprise-wide collaboration

and consistency

http://www.aspentech.com/v7/aspen_search.aspx

New in

aspenONE




Up-coming and On-Demand Webinars

Future Webinars:

o December 14, 2011 – Profertil Ammonia RTO (Aspen Plus)

o January 10, 2012 – BP Hydroprocessing (HYSYS/RefSYS)

o January 24, 2012 – ACCE New Excel mechanism (Economics)

Register at: http://www.aspentech.com/events/webseminars.aspx

On-Demand Webinars:

– Visit: http://www.aspentech.com/events/ondemand_webinar.cfm

http://www.aspentech.com/events/webseminars.aspx

http://www.aspentech.com/events/webseminars.aspx

http://www.aspentech.com/events/ondemand_webinar.cfm


Questions?


Contact Information

Ken Dooley, Industry Marketing, AspenTechEmail: [email protected]

Wim Van Wassenhove, Business Consultant, AspenTechEmail: [email protected]

For any Aspen HYSYS communication:Email: [email protected]

For more information on Aspen CDB:http://www.aspentech.com/products/aspen-cdb.aspx

For more information on Integrated Economics:http://www.aspentech.com/solutions/industry_solutions/epc/integrated-economics.aspx

THANK YOU!

mailto:[email protected]











Streamline Design and Capital Decision-making Processes in E&P · New Workflow Accelerates...

Documents

Transcript of Streamline Design and Capital Decision-making Processes in E&P · New Workflow Accelerates...