An award, sometimes called a distinction, is something given to a recipient as a token of recognition of excellence in a certain field. When the token is a medal, ribbon or other item designed for wearing, it is known as a decoration.
Bharat Petroleum Corporation Limited, a Fortune 500 energy company is headquartered in Mumbai. It is a public sector undertaking and last year, the Government of India conferred BPCL with Maharatna status. The company operates through two segments: Downstream petroleum, and Exploration and Production of Hydrocarbons.
The company’s refineries are located at: Mumbai, Kochi, Numaligarh, and Bina. Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations, and LPG distributors.
The oil and gas sector faces an increasingly complex environment, companies need to be innovative in adopting new business models and partnerships. Leading players, such as BPCL, need to have a resilient strategy to protect against price dips and adopt digital transformation in an astute manner to improve operational performance.
Considering all these factors, BPCL began scouting for a one-stop solution provider that could help drive business sustainability and increase profitability by maximising asset performance across BPCL Group Refineries. Earlier on, BPCL had also deployed AspenTech solutions in pursuit of energy management and asset optimisation at their Mumbai refinery. Following a successful deployment, BPCL proceeded to standardise on AspenTech software solutions.
The solutions include Aspen HYSYS Petroleum Refining; Aspen Exchanger Design & Rating; Aspen Economic Evaluation; Aspen Energy Analyser; Aspen DMC3; Aspen InfoPlus.21; aspenONE Process Explorer; Aspen PIMS-AO; Aspen Supply Chain Planner; Aspen Tank and Operations Manager; and Aspen Operations Reconciliation and Accounting.
With aspenONE software, organisations can run to the limits of performance and achieve optimal financial return over the entire asset lifecycle without compromising safety, reliability or regulatory compliance. In partnering with AspenTech, BPCL can capitalise on digital transformation to reduce costs, maximise growth and achieve sustainable operations via operational excellence. With this deployment, BPCL is well positioned to support energy needs and emissions standards in India.
Centralised control and a single point of contact and accountability will help the company to achieve operational excellence and gain competitive advantage. AspenTech’s integrated solutions across design and operations will help BPCL maximise profitability, increase return on capital, and improve complex manufacturing and operating scenarios.