Schedule Demo

Tag: Europe/Asia

  • Develop Alternative Hedging Strategies

    Develop Alternative Hedging Strategies

    Company

    Large oil and gas state-owned company with integrated exploration, production, refining, transportation, and petrochemicals operations.

    Challenge

    Develop alternative hedging strategies to avoid extreme adverse outcomes and preserve required revenues and margins subject to company risk policy guidelines and restrictions.

    SATURN

    • Simulated stochastic market prices and estimated company potential revenues, margins, and risk exposures.
    • Identified and analyzed hedging strategies including futures, swaps, calls, puts, and synthetic options.
    • Delivered advanced simulation-based risk metrics to evaluate the impacts of each hedging alternative.

    Impact

    • Enabled the management team to compare hedging alternatives and make an informed decision with confidence.
    • Empowered company to identify minimum cost hedge that offered maximum risk reduction.
    • Enabled company to meet strict short and long-term risk policy requirements and develop repeatable methods.

    SATURN Applications

  • Optimize Operation Planning

    Optimize Operation Planning

    Company

    Large integrated energy company in Scotland that operates a portfolio of diverse generation assets.

    Challenge

    Optimize operation plans to maximize margins subject to strict emission limits for a portfolio of diverse assets that include coal, gas, oil, hydro, and pumped hydro storage plants.

    SATURN

    • Implemented advanced optimization and stochastic simulation and enabled reliable production forecasts.
    • Enabled optimized operation planning under limiting constraints and associated costs, fuel use, and emissions.
    • Streamlined reporting, data visualization, fast simulations, and enabled extensive what-if analysis.

    Impact

    • Enabled optimized modeling of complex generation fleet and reduced operating costs.
    • Empowered on-demand analysis, fast simulations, and quick reporting and saved staff time
    • Automated workflows, enabled detailed reporting, and empowered confident decision-making.

    SATURN Applications

  • Optimize Hydro Cascades Operation

    Optimize Hydro Cascades Operation

    Company

    An energy company operating hydro cascade power plants in Scandinavia, Europe.

    Challenge

    Optimize operation planning for a set of interconnected hydro plants with several reservoirs under supply uncertainty, operational requirements, and price volatility.

    SATURN

    • Implemented advanced modeling of a network of interconnected hydro plants and storage reservoirs.
    • Enabled the development of improved operating plans that offer effective water utilization and increased margins.
    • Streamlined and integrated data setup, simulation, reporting, data visualization, workflows, and documentation.

    Impact

    • Improved operation planning and increased margins by over 10%.
    • Eliminated reporting bottlenecks, saved staff time, and integrated workflows.
    • Empowered advanced more detailed modeling and reduced simulation times.

    SATURN Applications

  • Model Oil Shale Production Planning

    Model Oil Shale Production Planning

    Company

    Energy company operating power production using oil shale extracted from local mines.

    Challenge

    Optimize the combined generation of electricity and steam using oil shale under various operational constraints and market price volatility and uncertainty.

    SATURN

    • Modeled one of the most complicated multi-product operating systems including oil shale, fuels, heat, and power.
    • Simulated correlated market prices and co-optimized multi-product operations for various market and operating conditions.
    • Empowered fast simulation and optimization, streamlined data setup and analysis, and provided on-demand reporting.

    Impact

    • Developed optimized framework for complex multi-product operations.
    • Enabled integrating advanced stochastic simulation with multi-product co-optimization.
    • Identified operation plans that reduce costs and manage risks.

    SATURN Applications

  • Model the Italian Power System

    Model the Italian Power System

    Company

    Energy company operating a set of diverse generation units in Italy.

    Challenge

    Model the operation of Italy’s generation plants interconnected by a complex system of transmission network including cross-border transfers with neighboring countries.

    SATURN

    • Modeled optimized operations of Italy’s generation plants and interregional and cross-border energy transfers.
    • Enabled detailed generation and transmission modeling, fast simulation, and advanced optimization.
    • Empowered integrated generation-transmission modeling for operation planning and long-term planning.

    Impact

    • Developed optimized generation framework including inter-regional and cross-border transfers.
    • Enabled detailed modeling of a fleet of diverse generation plants and complex inter-regional transmission.
    • Provided regional and inter-regional metrics that enable fast vetting of optimized solutions.

    SATURN Applications

  • Fuel Costs Hedging for an Airline

    Fuel Costs Hedging for an Airline

    Company

    International airline that operates a fleet of over 50 aircraft across 4 continents.

    Challenge

    Improve hedging strategy by using simulation-based forecasting and risk management solutions that enable advanced risk metrics and more accurate fuel cost forecasting.

    SATURN

    • Simulated most likely future jet fuel prices using most recent forward curves and captured market dynamics and price volatility.
    • Developed dynamic hedging strategies that comply with risk policy and analyzed impacts on airline margins and risks.
    • Empowered fast analysis of alternative strategies and enabled developing improved hedging and regular updates.

    Impact

    • Enabled advanced simulation-based analysis of structured hedging alternatives.
    • Identified effective risk management strategies that significantly reduce extreme risks.
    • Developed re-useable framework that enables fast updates and dynamic hedging.

    SATURN Applications