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AVEVA, Petrofac enter MoU to accelerate digital initiatives for the energy industry

Agreement will see both companies collaborate to explore opportunities of digitally led innovations for the benefit of the energy industry.

Caspar Herzberg, CEO, AVEVA and George Eapen, Group CIO, Petrofac sign the MoU

AVEVA has signed a memorandum of understanding (MoU) with Petrofac. The new agreement will see AVEVA cooperate with Petrofac towards:

  • Digital transformation of the end-to-end supply chain system process, including engineering cataloguing, 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, cooperation kick-off, design thinking sessions for new solutions and use cases, technical assessments, an execution strategy and more.

Petrofac and AVEVA have a long-standing relationship and this will build on to the multi-year digital transformation strategy. As part of the agreement, the company will build digital capabilities internally and for the customers that are aligned to Petrofac’s environmental, social and governance (ESG) and sustainability agendas, informs George Eapen, Group CIO, Petrofac. 

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. AVEVA is 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 its resources, informs Caspar Herzberg, CEO, AVEVA. 

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 inhouse and third-party solutions. The new AVEVA solutions will provide Petrofac with value chain visibility and secure audit trails for tracking material procurement, minimising waste and ensuring regulatory compliance.