Seven Hills, 2147, NSW,
Australia
Nexen Energy Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Nexen Energy and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 70 Nexen Energy employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Nexen Energy has purchased the following applications: Aspen HYSYS for Process Simulation in 2017 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Nexen Energy is running and its propensity to invest more and deepen its relationship with AspenTech or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Nexen Energy revenues, which have grown to $8.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Nexen Energy intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
PLM and Engineering
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| AspenTech | Legacy | Aspen HYSYS | Process Simulation | PLM and Engineering | n/a | 2017 | 2017 | In 2017 Nexen Energy implemented Aspen HYSYS as its Process Simulation platform. The deployment positioned Aspen HYSYS as the central modeling engine for process design and operational simulation across the organization. The Aspen HYSYS implementation focused on standard process simulation capabilities, including steady state flowsheeting, unit operation models, thermodynamic property package selection, and dynamic simulation workflows for scenario analysis. Configuration work included building model libraries and simulation templates to standardize engineering inputs and reduce model build time. Nexen Energy integrated Aspen HYSYS with Aspen EDR to create a tighter engineering data loop, enabling model inputs and reconciled field measurements to be shared between simulation models and engineering records. Operational coverage concentrated on engineering and operations teams, with simulations used to support process optimization, operator decision support, and maintenance planning within its Australian operations. Governance was structured around model version control and change management to ensure simulation accuracy and repeatability, with rollout privileges and review gates assigned to engineering leads and operations supervisors. The company uses Aspen HYSYS and EDR to reduce OPEX and get the most from operations, aligning Process Simulation outputs with operational decision making. |
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