L&T Energy-Hydrocarbon uses Dassault Systèmes 3DEXPERIENCE platform to integrate various project systems, track progress of multiple complex projects in one place.
Mumbai/New Delhi/Bengaluru, September 15, 2022 – Dassault Systèmes has announced that L&T Energy – Hydrocarbon (LTEH), a leading provider of Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) services, has successfully adopted Dassault Systèmes’ 3DEXPERIENCE platform to improve productivity and assure project schedule timelines.
LTEH’s integrated project management program, which it named EPSILON, is enabled by Dassault Systèmes’ “Capital Facilities Information Excellence” industry solution experience based on the 3DEXPERIENCE platform. This collaboratively connects all stakeholders from engineering to commissioning, with real-time data and KPIs captured from project schedules, ERP systems and LTEH’s in-house transaction applications for EPC projects. This covers offshore and onshore projects, modular fabrication yards, construction sites and cross-country pipelines for its client-base in the Hydrocarbon & Energy sector.
As technology, complexity, and aggressive schedules are highly critical factors in the successful completion of EPCIC projects, the 3DEXPERIENCE platform’s collaborative virtual environment enables LTEH to provide a single source of the most up-to-date project data. Through this platform, stakeholders can proactively manage risks and opportunities by leveraging powerful analytics capabilities related to costs, schedule, quality, health, and safety. The on-cloud direct and secure access to all the information adds much needed speed and accuracy to the decision making. This helps LTEH to improve productivity and ensure optimum utilization of resources.
“In this fast-evolving digital world, we needed a strong digital platform that can fuel and power our growth. We chose Dassault Systèmes' 3DEXPERIENCE platform due to its strong multi-dimensional visual experience that helps us in robust scheduling and planning of large and complex projects” said Subramanian Sarma, Whole-time Director & Sr. Executive Vice President (Energy), L&T. “The project virtual twin will make us future ready, improve reliability of our processes and accelerate business velocity. This is a big first step forward in the deployment of a fully integrated digital solution in an EPC project environment”, he added.
"With global competition and a complex ecosystem, EPCIC companies require a new approach towards developing, planning, building, operating, and decommissioning projects," said Deepak NG, Managing Director India, Dassault Systèmes. "Dassault Systèmes supports its energy and materials customers' digital transformation and helps them secure the quality of project delivery by providing them with avenues to efficiently predict and monitor project schedule and costs, ensuring within-budget on-time deliveries. This integrated data model can also act as the basis for an asset virtual twin that can improve plant operation efficiency for operators. Efficient, data-driven management of operations is the key to delivering projects with less cost, achieving material circularity, and driving more sustainable operations and maintenance," he added.
Digital transformation is instrumental to help companies quickly innovate, diversify, and gain a competitive advantage enabling them to drive more sustainable product innovation across the organization. Dassault Systèmes’ vision to provide collaborative 3D virtual environments to imagine these sustainable innovations is in strong alignment with LTEH’s vision to revolutionize the hydrocarbon industry and to achieve execution excellence for sustainable growth year after year.
The hydrocarbon business of L&T Energy is organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, offering integrated design-to-build solutions to domestic and international customers. With over three decades of rich experience, the business has been setting global benchmarks in all aspects of project management, corporate governance, quality, health, safety and environment (QHSE) and operational excellence.
