Banguluru, India, May 22, 2014: Dassault Systemes, the 3DEXPERIENCE Company, 3D design software provider, 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 Systemes’s “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 Systemes’s “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, Chandan Chowdhury, Managing Director-India, Dassault Systemes’s, 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.”