Rompetrol accelerates digital transformation using the software of Aspen Technology

On May 14, 2019 the company Aspen Technology announced that the company Rompetrol Rafinare purchased software licenses Aspen Mtell and Aspen Fidelis Reliability as a part of a software package aspenONE Asset Performance Management (APM) for implementation of the strategy on digital transformation productions.

The solutions AspenTech will promote increase in error-free running time and reducing costs for maintenance within the digital strategy of Rompetrol directed to reliability augmentation and availability of the production assets. The products AspenTech, including Aspen Mtell and Aspen Fidelis Reliability, allow Rompetrol company not only in advance to reveal failures in production processes, but also to understand their financial effects that allows to improve planning and decision making on production.

"Our purpose - to achieve a uniform complete view of our productive activity for increase in operational efficiency and profitability of production. Working with AspenTech, we can reveal failures in work of a production equipment much earlier, reducing the damages put to it and duration of unplanned idle times. Experience of AspenTech in our industry in combination with a product portfolio of the company allows us to take a step forward in our strategy of digitalization of production. The APM software package from AspenTech company provides the improved availability of industrial assets, and the systems of advanced management of technology processes (APC) increase efficiency of use of assets. We have an opportunity in advance to plan and perform necessary changes in production process and operation of the equipment for prevention of failures that allows to increase considerably duration of operation of assets every year. Thanks to it we expect improvement of indicators of gross sales and the net profit of our business". Yedil Utekov, CEO of Rompetrol Rafinare

Identification of weak links within production reliability, maintainability and availability of production assets will help business to compete effectively, at the same time paying priority attention to further initiatives of improvement and observance of such rules as IMO2020 which become effective on January 1, 2020 and provide prohibition on use of sea fuel with sulfur content more than 0.5%.

"Originally in Rompetrol were concerned by the fact that the Refinery was not properly equipped with an instrument metering equipment for use of opportunities of machine learning based on Aspen Mtell software. Nevertheless, software Aspen Mtell could make calculations and make exact forecasts from the very beginning. The AspenTech company provided to Rompetrol the tool which can bring immediate benefit and helps to avoid unnecessary costs for retrofitting by an instrument metering equipment. Analyzing and interpreting more than the available data, the team of specialists at oil refinery can accelerate earlier existing processes of the analysis for the purpose of reducing costs for maintenance that will allow Rompetrol company to reduce production losses and to minimize failures of deliveries for the clients". John Hague, senior vice president and CEO of APM business division of AspenTech company

Software of Aspen Mtell analyzes historical data, real-time data and data on operation and maintenance, keeps track of characteristic signs of critical wear of the equipment, predicts failures and makes accurate and detailed recommendations about risks mitigation and problem solving. Software of Aspen Fidelis Reliability is a solution for management of reliability on an industrial facility which is developed taking into account features of production processes and also influence of failures and repair work on the overall performance and revenues of oil refinery.