AspenONE Engineering vs. Petrel E&P

In enterprises where another project is tailored to the needs of the client rather than using basic tools. And where the estimate requires comprehensive cost buckets for production operations. When there is a large amount of purchasing history to enter into AspenONE Engineering in order for it to provide reliable projections. Standard equipment manufacturing enterprises are not well suited. Also, because this instrument requires time, when there are time limitation and resource or human limitations.

Incentivized

Petrel is an extremely powerful tool and for geological 3D modeling is the go-to tool, it's Sequential Indicator Simulations, Object-Based modeling or multiple point statistics modeling workflows are top notches and I highly advise its use. I wouldn't recommend using it for seismic interpretation based on seismic attributes since it can be a little bit limited in this aspect.

Incentivized

• Once an estimate is made, it can be simply copied and modified for another similar equipment estimate
• ACCE can be customized per the company's requirements
• Templates for each equipment style can be made and can be used repeatedly
• Very detailed reporting, of each cost segment like steel, electrical, civil, instruments is available for analysis

Incentivized

• Petrel handles multiple coordinate systems better than competitors.
• The object tree organization in Petrel is intuitive and user-friendly.
• Easy to handle data across multiple UTM zones by allowing geodesic coordinates.

Incentivized

• The User Guide is far too large to browse and learn from.
• Documentation is detailed while also being complicated.
• Any modifications that need to be made will take a long time.

Incentivized

• Petrel is extremely expensive, working with it in a small company is almost impossible. This shouldn't be an issue for a large company or for a big university with a large budget for investigation.
• Since it has so many functions it can be overwhelming once you begin using it, so I highly recommend to pay for a Schlumberger instructor.
• The seismic attributes could be improved since they are not entirely accurate.

Incentivized

We began assessing several tools when we began estimating for a full process plant or various styles of equipment. We also investigated implementing an ERP system used by the sales and item engineering departments.

Incentivized

The support team is always available for help. They are agile and cheerful.

Incentivized

Again answering from the ACCE perspective (Estimating tool) - Previously when we did estimates for simple equipment we had used excel estimates and lotus reporting. However, as we started estimating for an entire process plant or various style of equipment, we had started evaluating various tools. We had also considered using an ERP system that is utilized by Purchasing and Product Engineering teams, however, ACCE seemed a better fit for the amount of detailed estimating needed. And the robustness and various options available made us select this tool.

Incentivized

I use Petrel and competitor products for different functions. If I didn't have Petrel, it would be a lot more difficult to work with my aerially extensive dataset and manipulate my data with geographic coordinates.

Incentivized

• Investment apart from the cost of tool, is time - It is very time taking to obtain the results required
• We are being trained by a professional consultant on ACCE, and yet to see the ROI
• Detailed estimates as needed by Product Engineering is a plus

Incentivized

• Working at the University of Oklahoma the investment is well paid since geoscientist are formed with the best tool available.
• Keeping in mind that the software is really expensive, for the product to have an economic positive impact the project's revenue has to be large.

Incentivized