Excelerate Energy LP Selects PENTA Software for Unified Procurement, Job Cost, Document and Project Management
Liquefied Natural Gas (LNG) Industry Leader selects PENTA to unify management of Procurement, Costs, Documents and Processes for worldwide LNG projects
Milwaukee, WI – June 29th, 2010 - Penta Technologies, Inc., a leading developer of enterprise software for the construction industry, today announced that Excelerate Energy LP has selected PENTA Software for unified management of its Document and Project Management processes. Excelerate serves a wide segment of the liquefied natural gas (LNG) industry by providing special regasification vessels called Energy Bridge Regasification Vessels (EBRVs®), developing onshore and offshore regasified LNG receiving terminals, transporting LNG, and is now moving toward production of an Energy Bridge Liquefaction Vessel (EBLV™) capable of producing LNG.
Excelerate Energy continues to push the boundaries of the LNG value chain, and has experienced rapid growth since its inception in 2003. As Excelerate Energy has matured, it outgrew its current software and needed a combined suite of project management capabilities that could tie together all of its project development activities into a single system.
“Adding Penta to our project management toolbox will help us consolidate and streamline oversight of the EPCIC process and the O & M of the facilities we construct,” said Mickey Watzak, Director – Projects for Excelerate Energy.
Excelerate also sought to improve processes and streamline data entry while eliminating duplication of effort. By implementing a system that can be accessed remotely, Excelerate can optimize efficiency and collaboration between project managers in the field and the home office.
“With Penta we found an easily accessible central repository for engineering specifications and drawings that facilitates managing the document control process,” said Watzak. “The procurement and document management features within Penta are a good fit with Excelerate’s established business practices. Additionally, the flexibility of management reports, available as part of the dashboard, provide useful project snapshots.”
“Team Penta is excited to welcome Excelerate Energy, an innovator in the LNG industry worldwide,” said Karl Koenig, Penta President. “PENTA Software will provide Excelerate Energy with the enterprise-class document and project management platform it needs to automate low-value, time-intensive tasks and maintain continual management visibility to key performance indicators. Excelerate Energy’s choice of Penta underscores our commitment to providing the most robust platform for engineering and construction industry project management.”
Engineering and Construction firms are seeking systems that:
- Project Managers can use to effectively manage and deliver multiple construction projects to their customers meeting the highest standards of budget, schedule, quality and safety.
- Unify management financials and operations across engineering, procurement and construction operations.
- Eliminate paper and manual process inefficiencies with enterprise content management.
- Support the decentralized and mobile nature of engineering and construction by being available anywhere, anytime though use of Web, mobile and other advanced technologies.
- Analyze historical performance for planning, identify exceptions for action, and trend current performance for forecasting, while "drilling down" to critical supporting detail.
About Excelerate Energy®
Excelerate Energy, L.P, based in The Woodlands, Texas, is a liquefied natural gas (LNG) importer and marketer that is redefining the way LNG moves around the globe. With the proven ability to apply its proprietary regasification technology to a growing network of market access points worldwide, Excelerate Energy can connect LNG suppliers and customers in a way that minimizes costs for both while maximizing the value of each delivery. Excelerate Energy’s fleet of state-of-the-art, environmentally friendly, Energy Bridge Regasification Vessels (EBRVs®) compliment the company’s downstream investments in dockside GasPorts® and deepwater port Gateways™. To further enhance the capabilities of the existing vessels and their cargoes, Excelerate Energy has developed and implemented the first commercially viable program of LNG transshipment via ship-to-ship transfer. This combination of expertise, innovation, and strategic physical assets give the company the equivalent of a flexible, global “pipeline” that can transport LNG from virtually any point to any other point – facilitating delivery to the highest value markets around the world. For more information please visit www.excelerateenergy.com.