Baker Hughes Launches AI Software to Optimise Oil and Gas Production
The application, BHC3 Production Optimization, is the second AI software application developed by Baker Hughes and C3.ai following the announcement of their strategic partnership in June 2019.
BHC3
Production Optimization is available to Baker Hughes’ oil and gas customers
globally. Baker Hughes says it is able to visualise, analyse and optimise
upstream oil and gas operations.
The
software analyses historical and real-time data across production operations
then analyses the data using machine learning for anomaly detection, production
forecasting, and prescriptive actions that improve production performance.
Baker
Hughes Chief Marketing and Technology Officer Derek Mathieson said in a
statement: “BHC3 Production Optimization delivers the data visibility and
optimization capabilities that are critical for upstream businesses to meet
production targets during a time of growing energy demand.
“Releasing
this application is part of a continued commitment from Baker Hughes and C3.ai
to help the energy industry improve productivity and efficiency with
enterprise-scale AI applications.”
Baker
Hughes says the software’s advanced machine learning models “create a
continuous, near real-time and accurate virtual representation of production
operations by generating flow rate, pressure and temperature predictions of
hydrocarbon production and flow across wells, pipelines, and network assets.”
The
application can also generate predictions and prescribed actions that are
easier to interpret; for example, engineers are able to pinpoint which
injection wells to tune for a higher production output.
“The
energy industry is at an inflection point where companies globally are being
challenged to make operations more efficient, safer, and more productive,”
C3.ai president and chief technology officer Ed Abbo said in a statement.
“To do this, they will need to harness and analyse massive amounts of data for actionable insights.”