Simio Optimizes Offshore Drilling Transportation Logistics

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Nov 02, 2016, 06:22 ET

PITTSBURGH, Nov. 2, 2016 /PRNewswire/ -- A leading oil & gas company was looking to devise a strategy where the utilization of their ship vessels was redefined from having dedicated support vessels for each installation to a model where most installations will now share the same vessel. This company contracts with multiple suppliers of vessels to support logistic requirements for its global assets. With multiple offshore locations needing supplies from multiple port facilities, vessel demand can be irregular, yet very high. Port facilities have limited storage capacity and coordinating the scheduled arrival of materials at base with the expected loading times becomes challenging.

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Improving the utilization of vessel capacity, eliminating idle time, and coordinating and optimizing the demand through the IT tool, Simio, was found to be imperative for the success of the strategy.

Simio Simulation-based Scheduling is perfect for transportation logistics

C. Dennis Pegden, Ph.D., Simio Chief Executive Officer and Founder, notes that the optimization of transportation logistics is based on the schedule being built on a simulation model. "With variability that includes weather, permissible delivery times, loading and unloading times, vessel traffic, and changing geographical locations of floating rigs, the schedule had to be built on a simulation model. This allows variation to be built into the model to achieve the most optimal schedule," Pegden says.

To learn more about this leading oil & gas company and the details with their approach using Simio, please visit: http://www.simio.com/offshore

About Simio

Simio LLC is a private company headquartered in Pittsburgh, Pennsylvania, dedicated to delivering leading edge solutions for the design, emulation, and scheduling of complex systems. Simio was founded by a highly experienced team. C. Dennis Pegden, Ph.D., Founder and CEO of Simio LLC, has over 30 years of experience in simulation and scheduling and has been widely recognized as an industry leader. He led in the development of SLAM (marketed by Pritsker and Associates) and then founded Systems Modeling Corporation. Dennis led the creation of the market-leading simulation products SIMAN® and Arena®, as well as the finite capacity scheduling product Tempo. To learn more, visit http://www.simio.com

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SOURCE Simio LLC