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

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1 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 13 December Aspen Technology, Inc. All rights reserved

2 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 Aspen Technology, Inc. All rights reserved 2 2

3 E&P Conceptual Engineering Petroleum & Process Engineer Should I buy this asset? Screen a multiple scenarios to identify best options Estimate capital and operating costs for each scenario Make decisions based on experience or conventional wisdom 1 month Results are conservative and sub-optimal Cost estimates are not very reliable How do I develop it? How many wells and platforms? 2011 Aspen Technology, Inc. All rights reserved 3

4 Now: E&P Asset Appraisal with Aspen HYSYS How many stages? Simple Menu for Options Use stabilizer column? Automatic Creation of HYSYS Process Model Target gas purity? Simple Automatic Menu Creation for of Capital & Operating Options HYSYS Process Model Costs Dehydration configuration? Capital & Operating Costs Minutes to Evaluate Options! Gas lift ratio? 2011 Aspen Technology, Inc. All rights reserved 4

5 Quick Start for Facility Modeling Facilities Engineer Engineering company Make a detailed GOSP Model Reuse existing templates I need that model by THIS EVENING 2011 Aspen Technology, Inc. All rights reserved 5

6 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 2011 Aspen Technology, Inc. All rights reserved 6

7 Define Project Basis 2011 Aspen Technology, Inc. All rights reserved 7

8 Define Reservoir Fluid and Export Specs 2011 Aspen Technology, Inc. All rights reserved 8

9 Define Create Design and Run Preferences Model 2011 Aspen Technology, Inc. All rights reserved 9

10 Define Production Profile and Strategy 2011 Aspen Technology, Inc. All rights reserved 10

11 Conceptual Design Builder (CDB) Demo For more information on Aspen CDB: Aspen Technology, Inc. All rights reserved 11

12 aspenone Engineering Workflow Hours Process Engineer Minutes Preliminary Equipment Design Relative Cost Estimate Equipment Designer Final Equipment Design 2 Days 4 Iterations 10 days Electronic data transfer One software vendor Efficient Supports collaboration Cost Estimator Detailed Cost Estimate 3 Days 2011 Aspen Technology, Inc. All rights reserved 12 12

13 Conceptual Design Selection Aspen HYSYS Workflow Activate costing Load simulation data Map equipment Use equipment grid to enter materials and other details. View Model Grid Activate Costing Engine Map Models to Equipment Estimate Equipment Costs Evaluate costs View costs Load Simulation Data Size Equipment Object View Equipment Grid 2011 Aspen Technology, Inc. All rights reserved 13 13

14 Integrated Costing Results Dry Equipment Weights and Cost 2011 Aspen Technology, Inc. All rights reserved 14

15 Benefits of Integrated Economic Analysis Integrated workflow Process Engineer Electronic data transfer One software vendor Efficient Supports collaboration Cost Estimator Capital Costs Reduce by up to 10-30% Energy Costs Reduce by up to 50% Engineering Efficiency Improve by up to 30% 2011 Aspen Technology, Inc. All rights reserved 15

16 Cost Analysis Demo For more information on Integrated Economics: Aspen Technology, Inc. All rights reserved 16

17 Aspen Conceptual Design Builder Summary 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 2011 Aspen Technology, Inc. All rights reserved 17

18 Want to see similar results? Consider a training class from AspenTech Aspen Technology, Inc. All rights reserved 18

19 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 Learn to build process simulations using Aspen HYSYS. Discover how Aspen HYSYS allows rapid flowsheet construction and bidirectional 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 Aspen Technology, Inc. All rights reserved 19

20 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 2011 Aspen Technology, Inc. All rights reserved 20

21 Aspen Online Training Fast, easy access to training content New in aspenone 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: Aspen Technology, Inc. All rights reserved 21

22 Aspen Search Process Industry First Search, navigate and filter for information New in aspenone Quickly find the best model Benefits: Reuse of intellectual and informational assets Solve design, operational, business problems faster Enterprise-wide collaboration and consistency Currently available with Aspen Plus and Aspen HYSYS Links models, people and data Aspen Technology, Inc. All rights reserved 22

23 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: On-Demand Webinars: Visit: Aspen Technology, Inc. All rights reserved 23

24 Questions? 2011 Aspen Technology, Inc. All rights reserved 24

25 Contact Information Ken Dooley, Industry Marketing, AspenTech Wim Van Wassenhove, Business Consultant, AspenTech For any Aspen HYSYS communication: For more information on Aspen CDB: For more information on Integrated Economics: THANK YOU! 2011 Aspen Technology, Inc. All rights reserved 25