International Oil & Gas Company Petrofac Awards Multimillion Dollar Contract to AspenTech

Deployment of aspenONE Engineering Software Across Global Operations Will Shorten Development Time and Increase Engineering Efficiency.

BURLINGTON, Mass: Aspen Technology, Inc, a provider of software and services to the process industries, announced it has signed a multimillion dollar contract with international oil & gas facilities service provider Petrofac. The deal will result in aspenONE® Engineering being deployed across Petrofac’s global operations.

“Expanding and standardizing on aspenONE Engineering solutions will allow us to enhance the efficiency of our engineering teams and integrate more closely with our customers. The flexibility of the licensing model also allows us to use the software in multiple parts of our organization as market requirements change,” said Mohan Narasimhan, Global Chief Information Officer, Petrofac.

“As demand for energy in emerging markets continues to grow, leading engineering and construction companies such as Petrofac require tools that can help optimize the design and operations of facilities. By standardizing on aspenONE, Petrofac will be able to extend engineering best practices globally while delivering enhanced value to their end customers,” said Antonio Pietri, Senior Vice President, Field Operations.

* Petrofac has a diverse customer portfolio including many of the world's leading integrated, independent and national oil & gas companies. Many of Petrofac’s customers also use AspenTech software. Through sharing common tools and technology, Petrofac and its customers are better able to shorten development time and increase engineering productivity.
* The flexibility of the token-based aspenONE Licensing Model allows AspenTech customers to deploy software more easily across multiple locations. Petrofac will deploy aspenONE tools across the company’s operations in Woking and Aberdeen, in the UK; Sharjah, the United Arab Emirates (UAE); and locations in the Asia-Pacific region.
* This transaction was signed in Fiscal 2010.