- The new solutions expand on Baker Hughes’ digital system, providing new levels of efficiency, effectiveness and emissions reduction in the oil, gas and industrial sectors.
- The Leucipa™ field production solution will enable oil and gas production management
- Cordant™ will provide an integrated range of asset performance management and process solutions for energy and industrial customers
- The investment and partnership with Corva will provide intelligent visualization and drilling operations
FLORENCE, Italy, Jan. 30, 2023 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR ), an energy technology company, announced at its Annual Meeting in Florence, Italy, the launch of new digital solutions and investments for further development. smart and energy-saving functions. The result of detailed research conducted with oil and gas, heavy industry and wider industrial customers and partners, the solutions focus on improving efficiency and performance while reducing emissions, helping to drive long-term sustainability of customer operations.
“Digital is redefining the boundaries of how the energy and industrial industries can increase efficiency, operate more predictably and ensure lower emissions in a sustainable manner,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “We have long recognized that digital is a key capability in moving energy forward and leading the energy transition, and we continue to invest in and innovate for our customers. Our latest solutions are not only a testament to the power of digitalization but also our ongoing commitment to drive efficient, informed and sustainable operations for our customers and ourselves.”
Leucipa™ is a public and private automated field production software solution designed to help oil and gas operators manage production and reduce carbon emissions. Leucipa focuses first on the specific result that the operator wants to achieve, using and using data to run smart operations.
A significant number of oil and gas production operations are still carried out manually, resulting in inefficiencies, unnecessary costs and lost production. By automating production processes, Leucipa will eliminate many of those inefficiencies, ensure more environmentally friendly operations, and empower customers to help recover millions of barrels that would otherwise have been left behind.
Pan American Energy Corp, Argentina’s leading energy company, has agreed to be a launch customer for Leucipa. Pan American’s first decision reflects the company’s commitment not only to improve production management but also to increase energy efficiency, putting them at the forefront of the industry. Leucipa will be released to global markets in mid-2023.
Cordant is an integrated solution strategy that supports industrial asset performance management and process improvement. Building on Baker Hughes’ extensive and innovative rotating equipment, critical sensors, valves, pumps, gears, and inspection service domain expertise, Cordant will integrate its existing digital offering of hardware, software and services capabilities into a unified and simple user interface. Customers’ digital assets, tools and data will be integrated within Cordant and can be easily integrated with existing Baker Hughes technology and technology from other equipment manufacturers.
Cordant is available today using a modular approach. Customers can use Cordant through various models that best suit their preferences: hardware and software bundle; software as a service; donations to the area; or as a results-based solution with specific performance indicators. Releases with additional enhancements and connectivity are planned for mid-2023 and beyond.
Leucipa and Cordant’s solutions leverage and enhance Baker Hughes’ core competencies of advanced domain expertise, engineering capabilities and enhanced services by providing customers with a personalized experience through actionable insights derived from advanced artificial intelligence (AI) engines. Baker Hughes remains committed to delivering the best solutions to its clients and remains at the forefront of digital innovation.
In addition, Baker Hughes announced today that it is partnering with him Corva, which provides an open source solution for well-constructed digital offerings to improve rig visualization and decision-making in the oil and gas industry. Corva’s analytics and real-time data capabilities will optimize construction operations and reduce costs. Corva’s open development platform allows the creation of user and/or service providers. Baker Hughes is a minority investor in Corva, which became an international marketer and launched new apps on the Corva App Store to access its oilfield technology. The partnership aims to create a digital accelerator to improve the operational efficiency of the rigs.
These three digital solutions are key components of Baker Hughes’ mission as the digital partner of choice for energy and industrial clients. Together, these solutions help customers work better, be more productive, and realize smarter jobs. It allows customers to make better, more informed decisions to improve their operations, reduce costs and increase productivity.
About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers around the world. Built on a century of experience and doing business in more than 120 countries, our innovative technologies and services take energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
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