AVEVA, Petrofac Enter MoU to Accelerate Digital Initiatives

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Mumbai, India– AVEVA has signed a memorandum of understanding (MoU) with Petrofac. Petrofac is 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, cooperation kick-off, 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 inhouse 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.