Schneider Electric Launches oil, gas & petrochemical sector dedicated EcoStruxure in India

October 14, 2019 3:33 pm

I n a move that promises to boost India’s rapidly evolving oil and gas sector, Schneider Electric, the leader in digital transformation of energy management and automation, announced the launch of EcoStruxure Power and Process(EP&P) to drive efficiency and augment profitability in this crucial segment of the economy. The company has partnered with Microsoft to create commercial IoT solutions in the areas of energy management and automation, thus bringing power and process systems together. Through this platform, Schneider Electric aims to address the challenges of market volatility in the oil and gas sector, while reducing CapEx and OpEx by 20-30 per cent.
Speaking on the launch, Anil Chaudhry, Zone President and Managing Director, Schneider Electric India said- “Marketplace changes and technology advancements are making the once daunting task of converging power and process systems an attainable, cost-justifiable goal. The Indian hydrocarbon sector is at the cusp of major transformation as companies across the value chain step up their efforts to boost India’s self-sufficiency in oil and gas, expand refining capacities, and set up pipeline infrastructure for transportation across the country. Through our partnership with Microsoft we aim to deliver real/tangible solutions and measurable business results for oil and gas players, improve efficiency, bring down cost of running operations and raise profitability.”

Commenting on the association with Schneider Electric, Meetul Patel, COO, Microsoft India, said, “Operations in the Oil and Gas industry are highly dispersed, making the efficient management of assets extremely challenging. Microsoft’s Azure platform provides Schneider Electric with advanced cloud and edge computing technologies to establish an intelligent network of IoT devices that can provide insights, drive innovative new solutions, and improve returns from investments”

By leveraging EcoStruxure IoT-enabled system architecture and platform, customers can connect assets that are the center of their projects with assets that are at the center of their operations across the full lifecycle of their plants, including their supply chains. By offering both tangible IoT solutions that are available today as well as leading edge innovation to address future needs, customers will benefit from the blend of domain/subject matter expertise from Schneider Electric and industry-leading cloud technology from Microsoft.

Sharing the compelling value proposition of Schneider Electric’s EcoStruxure, Navtej Garewal, Executive Vice President, Head of India- Aveva added, “The addition of the app and analytics piece and the access to prior information with the creation of digital twin will help create new insights and empower customers to fuel digital transformation in the Oil, Gas and Petrochemical industry in India.”