29 October 2015
Advisian and KBC Advanced Technologies recently entered a joint collaboration agreement, designed to build on the strengths of each company and their affiliates, to pursue projects involving consulting, software, design and engineering services. KBC is a leading consultancy and software provider to the hydrocarbons industry with over 35 years of experience. They combine industry leading technology with experienced engineers and operations personnel, using robust methodologies to create personalised, sustainable solutions for clients.
This contract builds on a long-standing relationship that began in 2009 when an Asia-wide agreement between KBC and WorleyParsons was first formed. Since then the agreement has expanded world-wide and now includes collaborating closely with Advisian. Both Advisian and KBC consider this an important strategic milestone in their relationship.
To accelerate the joint collaboration, Advisian recently announced the award of a global five year technology contract, worth US$4.36m, for KBC’s Petro-SIMTM, MaximusTM and MultiflashTM software. The contract also consolidates a number of KBC product licenses into a much larger global deal with Advisian also adopting KBC’s engineering simulation software in reservoir PVT, production and process facilities modelling.
Advisian believes technology is, and will continue to be, critical to the success in the development of oil and gas projects. KBC’s technical engineering and operational excellence skills complement Advisian in a number of key areas that will create additional value for our clients.
Dennis Finn, Advisian CEO, said “We are very excited to be further strengthening our relationship with KBC. Advisian and KBC share a similar vision on the role that technology plays in the hydrocarbons sector and I believe that our combined consulting forces have the power to further enhance the value that we deliver to our clients.”
Andrew Howell, KBC CEO, added “This is an exciting moment for KBC with the opportunity to strengthen our already important relationship with Advisian and the broader WorleyParsons Group and we are also pleased to be awarded this key software contract. This reflects the vision that Advisian has on the role technology and consulting will play in helping the oil industry through the current climate and back to increasing profits.”