Baker Hughes and C3.ai launch AI app to optimise production
BHC3 Production Optimization promises to visualise, analyse and optimise upstream oil and gas operations
Baker Hughes and C3.ai launched BHC3 Production Optimization at its annual meeting in Florence today, the second artificial intelligence (AI) application developed by the BHC3 strategic relationship announced in June 2019.
The latest application provides oil and gas well operators with real-time production data to better project future production, help optimise operations and improve production rates.
“BHC3 Production Optimization delivers the data visibility and optimisation capabilities that are critical for upstream businesses to meet production targets during a time of growing energy demand,” says Derek Mathieson, chief marketing and technology officer, Baker Hughes.
The application applies machine-learning algorithms to aggregate historical and real-time data across operations. It creates a comprehensive view of production from individual and multiple wells to the pipeline, distribution and point-of-sale.
It then applies machine learning to the data for anomaly detection, production forecasting and prescriptive actions that improve production performance. This enables more precise and timely decision-making, according to the firm.
“BHC3 Production Optimization delivers the data visibility and optimisation capabilities that are critical for upstream businesses” Derek Mathieson, chief marketing and technology officer, Baker Hughes.
Advanced machine learning models create a 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 new BHC3 application uses a hybrid approach that draws on physics-based and data-driven AI models to generate predictions and prescribed actions that are accurate and easier to interpret. The firms says this means, for example, that engineers can now pinpoint exactly which injection wells to tune for 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,” says Ed Abbo, president and CTO of C3.ai, an AI software provider. “To do this, they will need to harness and analyse massive amounts of data for actionable insights.”