Determined to grow innovation and sustainability in the global energy sector, AVEVA, an industrial software provider, has signed two contracts with Kent, an engineering company in oil and gas and low-carbon energy.
As part of the agreement, Kent will be enabled to implement life cycle digital solutions to industrial customers. At the same time, the second contract is an enterprise agreement for engineering, procurement and construction (EPC) for Kent digital project delivery.
These agreements are built on a strategic memorandum of understanding (MoU) in 2022 between the two companies and enable Kent to become an AVEVA registered system integrator, ensuring the continued application of AVEVA’s engineering and operations software for key players in the energy sector.
Over the past year, AVEVA and Kent have successfully delivered leading digital projects. The new system integrator agreement extends the potential of those gains to other companies.
Speaking at the signing event, Tush Doshi, COO of Kent, said AVEVA’s software solutions will help Kent to deliver projects on time and on budget.
“We are pleased to build on our partnership as we strengthen our digital services. AVEVA’s technology expertise, combined with Kent’s leadership in energy and digital services, will help us create cutting-edge digital and innovative solutions that meet the evolving efficiency and sustainability targets of our customers,” Doshi said.
Meanwhile, Caspar Herzberg, CEO of AVEVA, said the company’s collaboration with Kent sets a new standard in delivering digital services for the energy sector.
Herzberg said the strategic partnership combines Kent’s deep domain knowledge, digital skills and service with AVEVA’s leading-edge portfolio to accelerate decarbonisation, and efficiency and drive sustainability across the energy industry.
“This confluence of expertise and technology will empower customers to connect intelligence and insight for agile and innovative responses to the sector challenges during times of change and opportunity,” Herzberg said.
The agreements will bridge a significant market gap. Across the industrial world, 60 percent of oil and gas capital projects of $1 billion or more experienced schedule delays and 38 percent faced cost overruns, according to a 2019 analysis by consultancy firm EY.
It said that the delays and overruns stem from challenges such as competing project execution priorities, issues with data reliability, and a lack of transparency and control throughout the project lifecycle.
As energy sector companies look to meet net-zero targets, they are harnessing digital technologies to optimise and de-risk capital project design and operations for improved construction and materials management and to ensure emissions traceability.
Together with Kent, AVEVA will support energy sector clients in unlocking the competitive advantages of sustainability. New and existing assets can be designed for a net-zero world, and customers can understand the carbon impact of every process engineering decision.