Aspen Technology headquartered in Bedford offers AspenONE Engineering to refineries as a software design aid, emphasizing process optimization and cost control.
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Petrel E&P
Score 6.0 out of 10
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Petrel E&P, from Schlumberger, is a modular suite of applications designed to support exploratory geological study and geological modeling, with features such as data visualization, and other model building tools.
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.
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.
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.
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.
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.
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.