|
Bethesda, Maryland, December 1st, 2008 — Asset Performance Networks announced today that it has entered into a Master Services Consulting Agreement with Valero Energy Corporation. The agreement covers all Valero entities. Commercially, the agreement aids any Valero facility to easily request assistance from AP-Networks through a call-off or a simple work order avoiding location-specific time-consuming contractual paperwork. More importantly, the agreement provides a platform to drive best practices in turnaround planning and execution throughout Valero facilities, using the Turnaround Assist Program, Risk-Base Scope Reviews, measuring progress toward annual turnaround performance benchmarks, and other related products and services provided by AP-Networks. About Valero Energy Valero was born in 1980 as out of the natural gas gathering subsidiary of the Coastal States Gas Corporation to become the largest North American refiner in 2005. During 2005, Valero had 18 refineries and a total throughput capacity of approximately 3.3 million barrels per day (BPD), with total assets of $33 billion and annual revenues of nearly $75 billion, ranking it company No. 15 on the Fortune 500. Valero continues to earn industry awards and accolades, including ranking No. 1 on Fortune magazine's listing of the nation's "Best Big Companies to Work For", and 2006 Convenience Store Chain of the Year" by Convenience Store Decisions magazine, a widely read retail industry trade publication. About Asset Performance Networks Asset Performance Networks based in the Washington D.C. area is the trusted leader in implementing best practices to drive superior capital project and turnaround performance for the Chemical, Gas, Power, Refining and Upstream (Exploration and Production) industries. Asset Performance Networks boasts an impressive list of clients - e.g. five of the oil super majors and a number of marquee oil, chemical, and energy companies in The Americas, Asia, Europe, The Middle East and Africa. Asset Performance Networks provides an integrated toolkit of products and services to deliver competitive and predictable projects and turnarounds. AP-Networks' complete Delivery and Support model of best-in-class processes, evaluative tools, best practices, industry databases, and other resources are accessible by clients through license agreements. To find out more, please visit http://pyxis.apn-tools.com; http://www.project-pyramid.com/; http://www.turnaround-network.com/; http://www.upstream-network.com/.
|