Energy Capital & Power

AVEVA, Petrofac Ink Digital Innovation MoU

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The plan includes cooperation kick-off, design thinking sessions for new solutions and use cases, technical assessments, an execution strategy and more.

Under the terms of the MoU, Petrofac will also explore the deployment of AVEVA Enterprise Resource Management and AVEVA Process Simulation in its engineering delivery services, while replacing legacy inhouse and third-party solutions. The new AVEVA solutions will provide Petrofac with value chain visibility and secure audit trails for tracking material procurement, minimizing waste and ensuring regulatory compliance.

According to George Eapen, Group CIO of Petrofac, “Petrofac and AVEVA have a long-standing relationship and we are very happy to partner with them to build on to our multi-year digital transformation strategy. As part of our agreement, we will build digital capabilities internally and for our customers that are aligned to Petrofac’s environmental, social and governance (ESG) and sustainability agendas.”

AVEVA’s pioneering software integrates with existing systems to transform siloed supply chains, enabling companies to execute sustainable projects by optimizing resources, reducing material and shipping waste, and delivering efficiency and optimization gains.

Casper Herzberg, CEO of AVEVA added that, “AVEVA’s solutions drive measurable emission reductions across scopes 1, 2 and 3, helping industrial companies to meet climate commitments aligned to the Paris Agreement. We are delighted to be able to support Petrofac in accelerating the energy transition for their customers, by deriving data-led insights that unlock more efficient ways of working and drive responsible use of our world’s resources.”

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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.