Indian Oil Corporation Ltd (IOCL), India’s largest integrated energy major with presence in oil, gas, petrochemicals and alternative energy sources, has selected AVEVA, a global leader in industrial software, to drive its digital transformation and sustainability. As a key initiative under the banner of its digitalization project i-DRIVE, IndianOil aspires to transform its scheduling work process across nine refineries and one petrochemical complex in India for implementation of Refinery Production Scheduler. AVEVA Unified Supply Chain will enable IOCL to digitalize its refinery and naphtha cracker scheduling workflows, optimize blend scheduling to meet daily product dispatch plans and provide end-to-end visibility across its operations.
S.M. Vaidya, Chairman, IndianOil said, “Streamlining crude feedstocks with plant scheduling is a particular challenge for our industry, intensified by operational challenges brought on by the pandemic. By implementing AVEVA technology, we shall be able to enhance efficiency by using a digital system-driven scheduling approach for consistent and value-focused operations. Most importantly, the new relationship will allow our energy professionals to focus on the business through enhanced decision support.”
“AVEVA enables oil and gas customers to improve plant performance and energy efficiency while shrinking operating costs. Built on transformative cloud, industrial IoT and artificial intelligence technologies, our solutions enable teams to visualize the entire value chain in real time, improving collaboration and enabling more precise and agile decisions that drive value throughout the supply chain. We look forward to our association with an energy giant like IOCL and be an integral part of their transformational journey,” said Peter Herweck, CEO, AVEVA.
About IndianOil (www.iocl.com)
IndianOil is India’s largest energy major and commercial enterprise with the largest customer interface, fueling country’s core industrial sectors & robust economic growth. Ranked 212 in Fortune’s ‘Global 500’ listing’, IndianOil accounts for nearly half of India’s petroleum products market share with sales of 81.027 million metric tonnes (MMT) in the year 2020-21. With a group refining capacity of 80.55 MMTPA and over 15,000 km of pipeline network, IndianOil’s business interests encompass the entire hydrocarbon value chain from refining, pipeline transportation & marketing to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations. IndianOil’s R&D Centre is one of Asia’s finest in downstream petroleum R&D, offering world-class technology and process solutions & innovative products, and has over 1160 effective patents.
AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA enables teams to use their data to unlock new value. We call this Performance Intelligence. AVEVA’s comprehensive portfolio enables more than 20,000 industrial enterprises to engineer smarter, operate better and drive sustainable efficiency. AVEVA supports customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries. Learn more at www.aveva.com.
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