New Delhi – May 20, 2014 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, announced that Cairn India, one of the 20 largest independent oil exploration and production companies in the world, will deploy Dassault Systèmes’ “Optimized Plant Construction” (OPC) industry solution experience for Integrated Project Management System (IPMS). Cairn India, rated as the fastest-growing energy company in the world by Platts, has a world-class resource base, with interest in seven blocks in India, one in Sri Lanka and one in South Africa.
The deployment of the Web based Integrated Project Management System will enable Cairn India to achieve key performance metrics comparable to the best in the global exploration and production industry and align its processes to the best in class in terms of overall project execution and performance. The objective of deployment of web based Integrated Project Management System (IPMS) is to optimise utilisation of resources, planning, executing, monitoring, controlling, real time communication and systematic data management of the overall project activities.
With Dassault Systèmes’ “Optimized Plant Construction” industry solution experience, real- time accurate project status will be available for Engineering, Procurement and Construction (EPC) phases during project lifecycle and will also give real time dashboards across heterogeneous systems including SAP’s ERP using information intelligence. The targeted benefits for deploying IPMS are to enable single source of information for all the projects, project audit and traceability. It will improve productivity by seamless coordination with internal and external stake holders and give a realistic project forecast.
Commenting on the association with Cairn India, Dr. Chandan Chowdhury, Managing Director-India, Dassault Systèmes, said, “If we are to look at reducing India’s dependence on crude oil imports we need to optimise the upstream and downstream in a way that addresses the expanding energy needs of our country. I am delighted that Cairn India has chosen our 3DEXPERIENCE platform to meet its critical project management requirements.”
Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 220, 000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com
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Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of ~ US$ 10 billion. Now part of the Vedanta Group, a globally diversified natural resources group, Cairn India was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings.
Together with its JV partners, Cairn India accounts for around one fourth of India’s domestic crude oil production. Average gross operated production was 218,651 boepd in FY14. The Company sells its oil to major refineries in India and its gas to both PSU and private buyers.
Through its affiliates, Cairn India has been operating for nearly 20 years playing an active role in developing India’s oil and gas resources. To date, Cairn India has opened 4 frontier basins with over 40 discoveries, 31 in Rajasthan alone. For further information on Cairn India, kindly visit www.cairnindia.com