SBM Offshore Expands Commitment to AspenTech’s Oil & Gas Simulation

Leading global supplier to the offshore oil & gas industry extends use of Aspen HYSYS(R) applications to design and optimize production facilities Aspen Technology, Inc. (Nasdaq: AZPN) today announced that SBM Offshore, a major owner and operator of floating production storage and offloading systems (FPSOs), has signed a multi-year license agreement to expand its use of AspenTech’s engineering solutions. The new agreement provides access to applications including Aspen HYSYS and the Aspen HYSYS Upstream(TM) option which are key components of the integrated aspenONE(TM) for Oil & Gas solutions. SBM will use the applications to support the design and optimization of new and existing oil and gas production facilities.