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Applying Simulation to the Oil and Gas Industry 07.01.2016 Rene Reiter

For any industry, adopting new technology can be costly both in time, and money. As most of you know, adopting simulation modeling is the way around making costly unnecessary changes and depleting human resources. New to the simulation and modeling concept as a decision-making and problem-solving tool, is the oil & gas industry. Alvaro Gil from Steam Systems Ltd. guides us through the implementation of simulation modeling, the data behind the models, bumps in the road, and ultimately the return on investment. Utilizing simulation and modeling to address oil & gas industry challenges, Stream Systems helps clients realize billions of dollars in cost-savings.[...]

Implementation of Complex High-Fidelity Terminal Simulation Models 10.12.2015 Rene Reiter

The design and development of a new tank terminal, an extension to an existing tank terminal, or the optimization of a current facility is a large undertaking. The typical project has to deal with numerous design challenges and design trade-offs. Simulation is the only effective way to understand how the various terminal components (tanks, manifolds, transfer lines, pipelines, etc.) interact and how they are affected by controllable and non-controllable events. At the AnyLogic Conference 2014, Allan Chegus, CEO, and Dumitru from Stream Systems, Ltd. demonstrated how simulation models can be used to increase throughput, improve operating efficiency, and reduce cost by avoiding unnecessary capital expenditures.[...]