Close

Search

News and press

KBC and OLI Systems announce predictive software solution to mitigate USD 65 billion/year corrosion and scaling problems across the oil and gas industry

Jun 3, 2020

Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.

KBC (A Yokogawa Company) is extending its Petro-SIM® simulation capabilities through its partnership with OLI Systems, the leader in electrolyte thermodynamics and physical property modeling. The combined software solution will provide the ability to create a system-wide electrolyte digital twin of entire assets. The digital twin will provide real-time prediction of corrosion, scaling, and fouling for upstream oil and gas producers, oil refiners and petrochemical plants, enabling operators to enhance asset safety, reliability and profitability.

According to NACE, the worldwide corrosion authority, corrosion has caused the upstream offshore production and refining industries USD 65 billion/year in financial loss. They recommend that operators implement a corrosion management system, which can reduce the cost of corrosive damage by 15-35%. Incorporating a rigorous, asset-wide predictive digital twin is vital for achieving these reductions.

The integration of the OLI Alliance Engine v10 with Petro-SIM v7.1 will allow engineers to simulate entire seawater containing systems where corrosion and scaling commonly occur. The asset-wide electrolyte digital twin will predict the formation of solids that cause fouling in heat exchangers, scaling in process lines, and corrosion problems throughout process units.

“We are excited to launch Petro-SIM 7.1 integrated with the OLI Alliance Engine”, said Russell Byfield, KBC Global Simulation Business Leader. “The tools that engineers often use in energy, petroleum, and chemical facilities lack the capability to reliably determine corrosion, scaling or fouling issues, in real-time, on an ongoing basis. Operators are unaware of the extent of the problem until it is too late. This partnership will help our customers to accurately see the issues throughout the plant, delivering both top- and bottom-line benefits.”

"OLI Systems prides itself on delivering solutions that address some of the most complex electrolyte chemistry challenges in the process industries”, said Vineeth Ram, Chief Revenue Officer of OLI Systems Inc. “The integration of the OLI Alliance Engine with Petro-SIM will allow our clients to increase operational efficiency, sustainability and engineering productivity with rigorous and accurate model predictions across their entire process."

Petro-SIM 7.1 with the OLI Alliance Engine is now available. Contact us to find out more.

Share this

Related news articles

NEWS

KBC announces partnership with MySep to improve process separator performance in the Oil & Gas industry

Feb 23, 2021

Integration of MySep and KBC’s Petro-SIM® reduces Capex and operational costs.

Read full article
NEWS

Automated Integrated Production Accounting System Provides Best-in-Class Operations for Complex Industrial Environments

Sep 22, 2020

KBC releases Visual MESA Production Accounting 4.0 to digitally manage and integrate scheduling and reconciled balance data into corporate systems.

Read full article
NEWS

KBC releases Value Chain Optimization Manifesto to guide an embattled Energy and Chemical industry back to profitability

Aug 11, 2020

A blueprint for executives seeking a major step change in profitability through integrated asset and supply chain optimization.

Read full article
View all news

Get the latest updates from KBC

Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.