Use Dynamic Simulation to maximize plant operating performance
Author(s)
Miquel Àngel Alós
Magazine
2016. Hydrocarbon Processing, October,
Abstract/Summary
The oil and gas industry has witnessed seismic downward shifts in barrel prices and uplifts in market competitiveness. Owner-operators are challenged to squeeze more from their operations, and engineering, procurement and construction companies (EPCs) are under increased pressure to reduce project risk and achieve better alignment with owner-operators to ensure effective management of their clients’ capital. Companies must maximize operating performance and produce quality products faster. The use of rigorous dynamic simulation helps achieve these objectives. Analyzing operating scenarios using dynamic process modeling gives owner-operators confidence that new plants will start up safely, meet budgets and perform to plan
Use Dynamic Simulation to maximize plant operating performance
