Lifecycle Modelling: An Elegant Solution to Improve Asset Operation and Recover Value from Process Design
Greenfield opportunities are immensely valuable. To maximize the value of the asset, owners/operators are increasingly committed to diminishing potential operational problems related to the equipment sizing, control logic and safety systems by design. However, plant operators still play a critical role, and as greenfield opportunities become more complex, plant operators must be deeply trained in order to guarantee stable, efficient and safe operation.
Industry professionals have recognized an important common thread in the asset lifecycle from design to operation, which has the potential to recover significant value: Dynamic Simulation Models. Dynamic simulation models of the plant may be constructed during the early stages (e.g. conceptual design or FEED) of the project to design equipment, control logic and safety systems. These models can then be leveraged throughout the project, for further analysis of critical units, equipment sizing, detailed operational procedures development, ICSS virtual commissioning, operators training, support for plant start-up, and finally, as Digital Twin support Operations and even Maintenance.
This approach is known as Lifecycle modeling and has tremendous potential to result in:
• Decreases in time-to-market (earlier earnings)
• Smoother new plants startup (eliminate off-spec production and unnecessary flaring)
• Reduce commissioning time (savings in reimbursable services)
About the Speaker
Daniel Martínez is Bsc. Mechanical Engineer with 18 years of experience in Sales & Business Development within the O&G, Refining and Petrochemical industries. After several years serving in final control elements and plant instrumentation solutions, he joined Inprocess Technology and Consulting Group SL in 2014, focused on specialized simulation services solutions. As Sales Director and Strategic Account Manager for AP, LATAM, WA and Iberia, he has contributed to the definition of scope of works and integrated vision of the LifeCycle-Modelling & OTS approach implemented in projects worldwide.
Webinar Recording and Slide Deck
Back