The oil & gas industry is a hotbed of innovation, driven by the need to increase production, reduce cost, improve safety and cut the carbon footprint. Digital technologies are playing an increasing role in helping oil & gas companies to achieve these objectives.
MOSIMTEC is a leading provider of digital technologies, including oil & gas simulation software to provide insight into throughput volumes, transit cycle times and costly bottlenecks. Simulation software helps a wide range of industry providers including on and off-shore oil extraction and production companies, midstream service providers including rail, truck and pipeline operations, also refineries, processing companies and export terminals.
Oil & gas process simulation software can help address a wide range of challenges:
- End to end hydrocarbon supply chain analysis
- Resource scheduling
- Tank farm capacity planning
- Rail yard design validation
- Disaster response procedure simulation
- Oil rig and floating production store and offloading (FPSO) planning
- Transportation network testing
- Terminal design validation
Why do you need to use dynamic oil & gas process simulation software? The quick answer is to address complexity and variability. Many decisions are complex with too many factors and inter-dependencies that make it impossible to represent all factors in a spreadsheet. For instance, a significant cost to upstream supply activity is the chartering and operating of an Offshore Service Vessel (OSV)/Platform Service Vessel (PSV). Oil & gas simulation modeling supports your decision-making and helps determine the best carrying capacity, total fleet capacity and fleet configuration. Variability in key factors means that you are most likely designing for the worst-case scenario by over-capitalizing. Use oil & gas process simulation to decide where and when to invest in assets, schedule resources and identify bottlenecks to help you make an informed decision.
MOSIMTEC has developed digital twins and simulation models for multiple oil & gas companies. For a chemical company, we simulated operations to support planning/construction of one of the world’s largest chemical plants in the Middle East. For a Canadian energy company, we simulated an oil/gas transload facility to improve efficiency and capacity. For a midstream oil and gas operator, we applied simulation to support understanding of the availability of multiple crude sources arriving through multiple connections on various pipelines and under various operational parameters. MOSIMTEC can help future-proof your business.
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Read more: https://mosimtec.com/industries/oil-gas-simulation/