Aveva has signed a memorandum of understanding (MoU) with Petrofac. The agreement will see both companies cooperate towards digital transformation of the end-to-end supply chain system process for the energy industry.

The supply chain system process will include engineering cataloging, procurement, site material control and construction planning.

Under the MoU, Aveva’s sustainable engineering solutions will support the delivery of Petrofac’s net-zero targets.

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, minimising waste and ensuring regulatory compliance.

The plan includes, cooperation kick-off, design thinking sessions for new solutions and use cases, technical assessments, and an execution strategy.

George Eapen, Group CIO, Petrofac said: “Petrofac and Aveva have a long-standing relationship and we are very happy to partner with them to build on to our multi-year digital transformation strategy. As part of our agreement, we will build digital capabilities internally and for our customers that are aligned to Petrofac’s environmental, social and governance (ESG) and sustainability agendas.”

Caspar Herzberg, CEO, Aveva said: “Aveva's solutions drive measurable emission reductions across scopes 1, 2 and 3, helping industrial companies to meet climate commitments aligned to the Paris Agreement. We are delighted to be able to support Petrofac in accelerating the energy transition for their customers, by deriving data-led insights that unlock more efficient ways of working and drive responsible use of our world’s resources.”-TradeArabia News Service