Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  
New oil discovery in Gulf of Suez offshore Egypt - AspenTech statement
 

Dubai, United Arab Emirates - October 29, 2019:     The recent breaking news about a large new oil discovery in the Gulf of Suez offshore Egypt - with estimations of about 200 million barrels of oil in place – is significant. This will further drive the rapid  development of the offshore E&P business as well as the onshore, midstream and refining sectors as Egypt’s oil and gas industry modernizes and expands.   Not only is it significant for Egypt, but also for the region, global energy markets and AspenTech’s business in the Middle East. 

Even bigger is the opportunity to take advantage of an important time and true inflection point for industry. The volume of data being collected within our customers’ businesses has increased exponentially, and the insights that can be derived from it are now enabled by high-performance computing and cloud technologies, making analysis and predicting outcomes around complex problems a reality in a way that conventional engineering, operations and maintenance technologies have not been able to in the past. 

The energy industry is no stranger to data. Virtually every oil, gas and petrochemical enterprise has been pursuing digitalization for decades. This is now changing with increased focused on digital technologies. The key to benefiting from digital transformation is to select those areas of investment that create the most value and enable sustained operational excellence.  However, the real prize of digital transformation is operational excellence. As much as technology is an enabler, the domain expertise and process knowledge needed to be truly successful with any new technology — let alone predictive analytics — cannot be understated.  

AspenTech is looking forward to continuing to serve Egypt, the region, our industries and customers during this important time. - Rob Howard, Vice President Sales, MENA, AspenTech


Posted by : Dubai PR Network Editorial Team
Viewed 6106 times
PR Category : Energy and Industry
Posted on : Wednesday, October 30, 2019  5:47:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : The French Oil & Gas Industry on display at ADIPEC
Next Story : Mazoon Dairy inaugurates the first biogas plant in the regio...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Drops of Youth [18501-Views]
Foreo Reveals the Ultimate Valentine's Gift List for Women [10937-Views]
Show your Support for Australia alongside THT – That Hair Tho [10577-Views]
Kanz Jewels proves to be a lucky destination for jewellery shoppers during DSF 2020. [10535-Views]
Eberhard & Co. Gilda timepiece makes an extraordinary Valentine's Day gift [9790-Views]
Zeitun Cosmetics Launch in UAE [9784-Views]
Corum And Joachim Horsley Light Up The Folies Bergère [9107-Views]
Elegant diamond-swathed Kalpa Kalparisma set to dazzle fine watch enthusiasts [7588-Views]
160 Years Young: Tag Heuer Kicks Off a Milestone Anniversary With the Re-edition of a Heue... [7454-Views]
Beleaf's Top 5 Vegan Supplements [6875-Views]
Seha Leads Discussions in Pediatric Medicine [6429-Views]
Foreo Reveals the Ultimate Valentine's Gift List for Men [6283-Views]
Oris pays tribute to the world's greatest jazz musicians with Art Blakey Limited Edition t... [5868-Views]
Traversetolo Vitre in blue dial makes stunning impact [5710-Views]
Spice It Up With Szechuan! Shake Shack is Celebrating the Chinese New Year With an Asian-i... [5661-Views]
Why this is the right time for TMCs to automate their processes? [5301-Views]
Beleaf Opens its Fifth Store in Springs Souk [4953-Views]
UAE Falconers League Kick Starts Competition with 10 teams in Al Ruwayyah [4581-Views]
The Data Center Market in 2020: What to Expect [4477-Views]
Lg to Join Forces With Cerence on Ai-powered Connected Car Platform [4325-Views]
Head to Freddy's for the Ultimate Frozen Custard Party [4288-Views]
HONOR Wins Big at CES 2020 with Growing Momentum of Wearables [4252-Views]
C Central Resort The Palm Welcomes 2020 with its Grand Opening in Dubai [4215-Views]
MoHAP's Training & Development Center Receives the Silver Award from the American Heart As... [4191-Views]
Secure Technologies and Artificial Intelligence in Focus for Airbus at Intersec 2020 [4081-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories