AVEVA, a global company in industrial software driving innovation and sustainability, has signed a memorandum of understanding (MoU) with Petrofac, a leading provider of services to the global energy industry.
The new agreement will see AVEVA cooperate with Petrofac towards:
• Digital transformation of the end-to-end supply chain system process, including engineering cataloguing, procurement, site material control and construction planning
• Supporting the delivery of Petrofac’s net-zero targets using AVEVA’s sustainable engineering solutions
The plan includes cooperation kick-off, design thinking sessions for new solutions and uses cases, technical assessments, an execution strategy and more.
George Eapen, Group CIO, Petrofac said “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.”
Caspar Herzberg, CEO, AVEVA said “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.”
Under the MoU, Petrofac will investigate the use of AVEVA Enterprise Resource Management (ERM) and AVEVA Process Simulation in place of legacy internal and outside systems for its engineering delivery services. The new AVEVA solutions will give Petrofac secure audit trails and value chain insight for managing waste reduction and ensuring regulatory compliance.
AVEVA’s innovative software is designed to integrate seamlessly with pre-existing systems, facilitating the creation of interconnected supply chains. This integration allows companies to achieve sustainable project execution through resource optimization, waste reduction in material and shipping, and improved efficiency and optimization gains.
