Market Overview

PETRONAS Selects AspenTech Asset Optimization Software

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PETRONAS Refinery Petrochemical Corporation (PRPC) Standardizes on
aspenONE
® Petroleum Supply Chain Software at the
Multi-Site RAPID Project

Aspen
Technology, Inc.
(NASDAQ:AZPN), the asset optimization software
company, today announced that PETRONAS, Malaysia's fully integrated oil
and gas multinational company, has selected aspenONE®
Engineering, Petroleum Supply Chain and Supply Chain Management software
solutions to pursue asset optimization and maximize profitability at the
Refinery and Petrochemical Integrated Development (RAPID) facility in
Pengerang, Johor.

RAPID and six major associated facilities that comprise the Pengerang
Integrated Complex (PIC) are PETRONAS' largest downstream investment in
Malaysia to date. The operations of the refinery, cracker plant and
selected petrochemical facilities in PIC are managed by PETRONAS
Refinery & Petrochemical Corporation.

To achieve operational excellence via asset optimization, PETRONAS has
adopted Aspen HYSYS® Petroleum Refining, Aspen Plus®,
Aspen Polymers®, Aspen PIMS-AO, Aspen Petroleum Scheduler,
Aspen Refinery Multi-Blend Optimizer and Aspen Plant Scheduler software.
These solutions maximize margins with better troubleshooting, more
robust planning and scheduling, optimized feedstock selection and
product blends, improved response and decision-making.

According to Ir. Dr. Colin Wong Hee Huing, Senior Vice President & Chief
Executive Officer, PETRONAS Refinery & Petrochemical Corporation, "The
RAPID project will help PETRONAS produce premium petroleum and specialty
chemicals products. Demand for such high-value products is increasing,
especially in Asia Pacific. Committed to this vision, we have selected a
broad range of asset optimization software solutions across engineering,
petroleum supply chain and supply chain management software solutions
from AspenTech to increase profitability."

With software solutions that maximize profitability, reduce distribution
costs and optimize daily schedules, PETRONAS achieves a sustainable
competitive advantage to deliver high returns across the entire asset
lifecycle at the RAPID facility, which is expected to be commissioned in
2019.

"We are pleased that PETRONAS has chosen to deploy aspenONE software at
the RAPID facility in pursuit of the highest standards in operational
excellence. To mitigate increasing industry complexity, AspenTech helps
customers increase profitability and optimize return on investment
across the entire asset lifecycle," added Dr. Filipe Soares-Pinto,
Senior Vice President of Sales, Asia Pacific, AspenTech.

Supporting Resources

About PETRONAS
Established in 1974, Petroliam Nasional
Berhad (PETRONAS) is Malaysia's fully integrated oil and gas
multinational ranked among the largest corporations on FORTUNE Global 500®.
As the custodian for Malaysia's national oil and gas resources, we
explore, produce and deliver energy to meet society's growing needs. The
growing demand for energy inspires and strengthens our purpose to
steadily drive for new solutions and push boundaries towards a
sustainable energy future. www.petronas.com

About AspenTech
AspenTech is a leading software supplier for
optimizing asset performance. Our products thrive in complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines decades
of process modeling expertise with big data machine learning. Our
purpose-built software platform automates knowledge work and builds
sustainable competitive advantage by delivering high returns over the
entire asset lifecycle. As a result, companies in capital-intensive
industries can maximize uptime and push the limits of performance,
running their assets faster, safer, longer and greener. Visit AspenTech.com
to find out more.

© 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo,
Aspen HYSYS Petroleum Refining, Aspen Plus, Aspen Polymers, Aspen
PIMS-AO, Aspen Petroleum Scheduler, Aspen Refinery Multi-Blend Optimizer
and Aspen Plant Scheduler are trademarks of Aspen Technology, Inc. All
rights reserved. All other trademarks are property of their respective
owners.

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