Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 3, 2020

Baker Hughes launches AI software to optimise oil and gas production

Oilfield services company Baker Hughes and artificial intelligence (AI) software provider C3.ai have launched an AI-based application that allows well operators to view real-time production data and more accurately predict future production.

By Matthew Hall

Oilfield services company Baker Hughes and artificial intelligence (AI) software provider C3.ai have launched an AI-based application that allows well operators to view real-time production data and more accurately predict future 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.”

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

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.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU