Houston, Texas (PRWEB) February 29, 2012
M3 Technology Inc. (http://www.m3tch.com), a leading provider of advanced asset scheduling and optimization solutions for the oil, gas and petrochemical industries, announced that it has signed a contract with Woodside Energy Ltd. to supply its LNG supply chain management solution for Woodside’s North West Shelf and Pluto assets in Western Australia.
Mr. Simon Rogers, Vice President of M3 Technology, said “M3 is honored to support Australia’s largest oil and gas resource development. We are looking forward to working with Woodside to deliver an integrated supply chain management tool consistent with best-in-class LNG supply chain management applications”.
Ben Quartermaine, Project Manager at Woodside, said effective supply chain management reduces the risk of tank top events and supports decision making for investment or development opportunities. It is integral to the efficient operation of the North West Shelf and Pluto LNG facilities.
“We are looking forward to working with M3 to develop a benchmark planning solution for our LNG plants”, he said.
About the LNG supply chain management project.
Woodside evaluated various off-the-shelf solutions and selected M3 Technology’s SIMTO Scheduling. The scope of the application covers the following business processes:
- Medium-term forecasting
- Annual delivery programming
- Off take co-ordination
- Short-term production scheduling
- Offshore well optimization
- Ship and jetty scheduling
The SIMTO model will cover the entire Northwest Shelf and Pluto supply chains including the offshore gas production facilities, the onshore gas plants, LNG vessels, and the LNG terminals they supply.
About M3 Technology
M3 Technology (http://www.m3tch.com) is a leading provider of supply chain management solutions including scheduling and blending optimization systems for the oil, gas, LNG, refining and petrochemical industries. M3's SIMTO software solutions enable our customers to be more responsive, manage inventory, increase asset utilization and reduce operating costs.
About Woodside Energy Ltd.
Woodside (http://www.woodside.com.au/), with corporate offices in Perth, Australia, is the largest operator of oil and gas production in Australia and one of the world’s leading producers of liquefied natural gas, helping meet the demand for cleaner energy from Japan, China, Korea and other countries in the Asia Pacific region.
We have been operating our landmark Australian project, the North West Shelf, for more than 25 years and it remains one of the world’s premier LNG facilities. Production from our Pluto LNG Project will begin in 2012, adding more than 100,000 boe to our operated production when reaching full capacity.
Through the depth of our experience, the capability of our people, and our strong relationships with customers, co-venturers, governments and communities, we seek to be the partner of choice.