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What Is New In Ee V7 3 Jan 2011
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What Is New In Ee V7 3 Jan 2011

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Presenation slide deck explaining what\'s new in Aspen Economic Evaluation tool - version 7.3(ACCE/APEA/AICE). Cost basis: 1st quarter 2010

Presenation slide deck explaining what\'s new in Aspen Economic Evaluation tool - version 7.3(ACCE/APEA/AICE). Cost basis: 1st quarter 2010
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What Is New In Ee V7 3 Jan 2011 What Is New In Ee V7 3 Jan 2011 Presentation Transcript

  • Innovation in EconomicEvaluation from AspenTechWhat’s New in Economics Release 7.3 January 19, 2011 © 2010 Aspen Technology, Inc. All rights reserved
  • Economic Evaluation Products 7.3 Overview2010 Cost & Pricing UpdatesNew and Expanded Models– Exploration & Production Models– Multi-diameter columns– Bargeable Modules Shipping ParametersProcess Modeling ImprovementsDecision Analyzer UpdateProject Level Usability ImprovementsComponent Level Usability Improvements © 2010 Aspen Technology, Inc. All rights reserved | 2
  • Cost and Pricing UpdatesPricing update to 1st Quarter 2010 Data – 36th consecutive year of cost updatesRichardson’s data import interface included and enhancedUpdate of Plate Fin Custom Model pricing © 2010 Aspen Technology, Inc. All rights reserved | 3
  • 2010 1st Quarter Pricing UpdateBased on Reference Project…results depend on equipment and materials. See “What’s New” document for more complete details © 2010 Aspen Technology, Inc. All rights reserved | 4
  • Richardson’s Data Import (1) If Richarson’s Winrace is licensed on your machine it will appear in Files list © 2010 Aspen Technology, Inc. All rights reserved | 5
  • Richardson’s Data Import (2) © 2010 Aspen Technology, Inc. All rights reserved | 6
  • Plate Fin Custom ModelPricingUpdated inPlate FinCustom Model © 2010 Aspen Technology, Inc. All rights reserved | 7
  • New Equipment ModelsE&P equipment models: – Cryogenic Double Wall Full Containment (LNG) storage tank – Crude oil Desalter – Sediment removal FilterMulti-diameter tower with expanded internals © 2010 Aspen Technology, Inc. All rights reserved | 8
  • Cryogenic Double Wall Full Containmentstorage tank © 2010 Aspen Technology, Inc. All rights reserved | 9
  • Crude oil Desalter Includes •Vessel •Electrostatic plates •Transformer •Rectifier © 2010 Aspen Technology, Inc. All rights reserved | 10
  • Sediment removal Filter © 2010 Aspen Technology, Inc. All rights reserved | 11
  • Multi-diameter tower © 2010 Aspen Technology, Inc. All rights reserved | 12
  • Multi-diameter tower One of many P&IDs available © 2010 Aspen Technology, Inc. All rights reserved | 13
  • Model ImprovementsBargeable Modules Shipping Acceleration FieldsZick analysis available for Horizontal tanks and S&T HeatExchangersIncreased Gas Turbine Range to 375 MW (500,000 HP)Tank containment - dike and geomembrane civil plant bulkmodel has been revised to include the dike and allowdimensions for the dike. © 2010 Aspen Technology, Inc. All rights reserved | 14
  • Bargeable Modules Shipping AccelerationNew fields 15 shipping routes available with preset accelerations © 2010 Aspen Technology, Inc. All rights reserved | 15
  • Zick Analysis © 2010 Aspen Technology, Inc. All rights reserved | 16
  • Process ModelingProcess Modeling – Integrated Economics capabilities enhanced Equipment and total weight reported in results Selected Economic parameters reported in the results Aspen Plus stream costing passed to APEA. HYSYS stream costing will be available in APEA V7.3.1. Improved mappings of Aspen Plus tower internals to APEA (including auto-mapping of multiple tower sections to the new APEA multi-diameter tower model) – Data import support for 2nd level and lower HYSYS sub- flowsheets Unique stream and unit op names are still required across all hierarchies © 2010 Aspen Technology, Inc. All rights reserved | 17
  • Decision AnalyzerDecision Analyzer Improvements – ARM (Analyzer Relocation Module) review and update all 89 locations – ASM (Analyzer Scaling Module) Error messages will be generated if min/max component limits are exceeded. Original value is retained as indicated in the error message. © 2010 Aspen Technology, Inc. All rights reserved | 18
  • System Level Usability ImprovementsTemplates for APEA, ACCE, and AIPCE“What’s New” now part of Help Menu“Remember” Report Selections within a project.– Last “Remembered” selection will be used when creating new projects or existing projects without ‘saved’ selections (by Product)Timed backup and new recovery mechanismMultiple Instances of Economic Evaluation on same machineSupport for MS Windows 7 32-bit and 64-bit OSSupport for MS Office 2010 32-bit only © 2010 Aspen Technology, Inc. All rights reserved | 19
  • TemplatesTemplates stored in a Template LibraryOne template library for all productsTemplates also used for Integrated EconomicsAny Project Level selection can be stored in Template © 2010 Aspen Technology, Inc. All rights reserved | 20
  • Help Menu © 2010 Aspen Technology, Inc. All rights reserved | 21
  • Reporter “Remember Selections” •Remembered selections are now saved per project •Different saved selections for each product © 2010 Aspen Technology, Inc. All rights reserved | 22
  • Timed Backup and Recovery © 2010 Aspen Technology, Inc. All rights reserved | 23
  • Component Level Usability ImprovementsQuantity on Cost Known (Quoted Items)Quoted Items in Spreadsheet ViewComponent Remarks included in Spreadsheet View (at end)Galvanizing on Steelwork External FileWeight Field Added on Installation Bulk Additions © 2010 Aspen Technology, Inc. All rights reserved | 24
  • Quantity on Cost Known Field accepts real numbers (e.g. 0.5) © 2010 Aspen Technology, Inc. All rights reserved | 25
  • Quoted Items in Spreadsheet View /Remarks Included in Spreadsheet View © 2010 Aspen Technology, Inc. All rights reserved | 26
  • Galvanizing on Steelwork External File © 2010 Aspen Technology, Inc. All rights reserved | 27
  • Weight Field Added on Installation BulkAdditions © 2010 Aspen Technology, Inc. All rights reserved | 28
  • What’s Fixed of NoteNumerous corrections to existing tower and vessel models(see What’s New/What’s Fixed)Mill Building, Gallery and Conveyors with Galleries will now begalvanized when requestedCartridge Filters have corrected costing when constructed ofStainless SteelStructural Steel Grounding Calculations improvedSand bedding for buried pipe has been revisedInstrument heating enclosures not recognizing multiple itemsReporter selections will not be cleared unless customer clears © 2010 Aspen Technology, Inc. All rights reserved | 29
  • Questions ??? © 2010 Aspen Technology, Inc. All rights reserved | 30