AVEVA, a global leader 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 cataloging, 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 a kick-off for cooperation, design thinking sessions for new solutions and use cases, technical assessments, an execution strategy, and more.

Under the MoU, Petrofac will also explore the deployment of AVEVA Enterprise Resource Management (ERM) and AVEVA Process Simulation in its engineering delivery services, while replacing legacy in-house and third-party solutions. The new AVEVA solutions will provide Petrofac with value chain visibility and secure audit trails for tracking material procurement, minimizing waste, and ensuring regulatory compliance.

AVEVA’s pioneering software integrates with existing systems to transform siloed supply chains, enabling companies to execute sustainable projects by optimizing resources, reducing material and shipping waste, and delivering efficiency and optimization gains.  

Stressing that Petrofac and AVEVA have a long-standing relationship, George Eapen, Group CIO, Petrofac, said, “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.”

Stating that 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, Caspar Herzberg, CEO, AVEVA, added, “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.”

 For more information: www.aveva.com, www.petrofac.com