MEDIA RELEASE PR32023
Bharat Petroleum Corporation Ltd. Selects Meridium to Improve and Optimize
Inspection Program
ROANOKE, Va., Oct. 1 /PRNewswire-AsiaNet/ --
Meridium Inc., the global leader in asset performance management software and
consulting solutions, today announced that Bharat Petroleum Corporation Limited
(BPCL) has licensed Meridium software for its Kochi and Mumbai refineries. BPCL,
a Fortune 500 Company, is a leading player in the petroleum sector in India, with
its core business in refining crude oil and marketing petroleum products.
Meridium was chosen, along with a leading system integrator from India, to
provide a configured system that meets the key requirements and operational goals
of BPCL's inspection group. With an objective of migrating from
conventional documentation and reporting and improving the efficiency and
effectiveness in the management of integrity of their critical assets, BPCL
turned to Meridium for an effective inspection and corrosion management system
that aligned with BPCL's business objectives as well as their inspection and
monitoring plans.
According to BPCL Kochi Refinery's executives, "We chose Meridium after an
extensive search process because of their proven track record in delivering asset
performance management and reliability solutions in a variety of
industries. This, coupled with their exceptionally strong engineering
capability and background, will provide us with the most effective management,
utilization and benchmarking of our inspection activities. Our ultimate goal
is to reduce equipment failures by strategically managing our risk using
Meridium's rigorous analytical capabilities to calculate the probability and
criticality of failures."
In order to meet the immediate and growing needs of their Asset Integrity
program, BPCL will implement Meridium in two phases. BPCL will institute an
overall comprehensive inspection management system; then, building upon the
success of that initiative, the company will capitalize on the improving data
with Meridium's Risk Based Inspection solution. This approach will enable both
BPCL Kochi and Mumbai Refineries to enhance the mechanical integrity and
reliability of their static equipment while building and maintaining a
constantly improving, comprehensive inspection data structure.
According to Bonz Hart, Meridium CEO, "We are excited to be working with a
pioneer in the Indian petroleum industry such as BPCL. Their corporate
commitment to the environment and to the health and safety of their employees
provides a solid foundation upon which to build a meaningful, comprehensive,
fully compliant inspection program, thus helping to achieve their goals of
improved mechanical integrity and overall equipment reliability."
About Meridium
Meridium Inc. is the global leader in asset performance management
solutions for process, power, mining and discrete manufacturing industries. With
Meridium software and services, companies will accelerate profitability
through effective asset strategies, thus increasing asset reliability and
improving the performance of their production assets. Developing or improving
these asset strategies also has a direct, positive impact on operational
excellence by reducing financial, health and safety, and production risk;
optimizing maintenance costs; ensuring regulatory compliance and decreasing
the potential for undesirable incidents. Industry leaders such as Chevron,
LyondellBasell, Marathon Oil, Anglo Platinum, and Xcel Energy rely on Meridium
for enterprise wide asset performance. Meridium is headquartered in Roanoke,
VA, USA, with regional offices in Houston, TX, USA; Dubai, UAE; Walldorf,
About Bharat Petroleum
BPCL, a Fortune 500 Company with a turn over of Rs.361.54 crore, is a leading
player in the petroleum sector in the country and is a company with
global presence through sustained aggressive growth and high profitability. BPCL
currently has refineries at Mumbai and Kochi with a capacity of 12
Million Metric Tonnes (MMT) and 7.5 MMTPA respectively for refining crude oil.
BPCL's subsidiary at Numaligarh has a capacity of 3 MMT. BPCL produces and
markets a diverse range of products in the petroleum, petrochemical and
solvent and lubricant segments. Bharat Petro Resources Ltd., another
subsidiary of BPCL, undertakes exploration and production of oil and gas, besides
other energy resources, in order to achieve reasonable supply security
for the BPCL's refineries.
SOURCE Meridium Inc.
CONTACT: Jane Bailey of Meridium Inc., +1-540-344-9205, ext. 1170,
jbailey@meridium.com
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