KBC, a Yokogawa Company, Adopts the BHC3 AI Suite to Develop Enterprise AI Solutions for Oil and Gas
08 Juni 2021 - 2:00PM
Business Wire
KBC will leverage the BHC3 AI Suite and
Enterprise AI applications from the BakerHughesC3.ai alliance for
the company’s downstream oil & gas sectors
Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) today announced
that KBC, a wholly-owned subsidiary of Yokogawa Electric
Corporation, will deploy artificial intelligence (AI) technology
from the BakerHughesC3.ai (BHC3) alliance to enhance KBC’s existing
software portfolio for oil and gas process simulation, supply chain
optimization, and energy management.
KBC is a leading consultancy and software provider for energy,
chemical, and offshore oil and gas operations. The company’s
process simulation software is widely adopted across hydrocarbon
processing facilities, playing a critical role in helping operators
meet production goals and maximize profitability.
KBC will leverage BHC3 technology across KBC’s oil and gas
portfolio, adding enterprise AI capabilities to their existing
digital transformation software. Petro-SIM, KBC's leading process
simulation software and optimization platform for driving
excellence in facility performance and organizational productivity,
has demonstrated bi-directional interoperability with the BHC3 AI
Suite. By augmenting KBC’s simulation software with capabilities
from BHC3, KBC will further help oil and gas assets improve process
planning accuracy, deliver operational agility, and significantly
reduce processing time.
These robust enterprise AI solutions will provide continuous
automated updates to physics-based simulations through a flexible,
extensible model that scales to any industrial configuration and
environment, with benefits extending into the supply chain. KBC
anticipates the enterprise AI-enabled solutions will generate
significant annual economic value for customers, estimating that
improved operations will yield more than $0.65 per barrel.
Yokogawa previously announced its adoption of the C3 AI® Suite
to enhance enterprise AI applications across its vertical
industries, including power generation, renewables, mining and
metals, and chemicals.
“Integration of enterprise AI capabilities into our current
software will enable us to further and rapidly drive digital
transformation for our customers,” said Shigeyoshi Uehara, KBC
chief executive officer. “Working with domain experts for oil and
gas specific applications will enable the people, process, and
technology changes necessary for more efficient and productive
operations.”
“KBC is a leader in digital solutions that transform processes
for their customers, and the integration of our industry-leading
enterprise AI solutions will continue to create greater
efficiencies and productivity for those users,” said Uwem Ukpong,
executive vice president of regions, alliances and enterprise sales
at Baker Hughes. “BHC3’s scalable AI capabilities for the energy
industry will augment KBC’s existing software and enable future
application development. These solutions are focused on energy and
highly engineered products, demonstrating further momentum for the
BakerHughesC3.ai alliance as Baker Hughes continues to invest for
growth in industrial digitization.”
“KBC’s use of the flexible, scalable enterprise AI technology
from BHC3 will infuse AI capabilities into an already leading
portfolio of simulation software for the oil and gas industry,”
said Thomas M. Siebel, chairman and CEO of C3 AI. “The
transformation of energy requires new approaches, including the
constant evolution of existing solutions on the market today. This
agreement represents an exciting combination of visionary and
market-leading companies working together to digitally-transform
the oil and gas industry.”
About KBC
KBC, a wholly owned subsidiary of Yokogawa Electric Corporation,
is all about excellence in the Energy and Chemical industry. We
make excellence real for our customers through the actions of our
people fused with our technology and best practices. We provide
leading software and expert services, powered by the cloud, to
assure process operations achieve their full potential. Our
customers achieve operating performance that surpasses ordinary
standards, now and into the future. For more information, visit
www.kbc.global.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that
provides solutions to energy and industrial customers worldwide.
Built on a century of experience and with operations in over 120
countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner and more efficient for
people and the planet. Visit us at bakerhughes.com.
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software
company that accelerates digital transformation for organizations
globally. C3 AI delivers a family of fully integrated products: C3
AI® Suite, an end-to-end platform for developing, deploying, and
operating large-scale AI applications; C3 AI Applications, a
portfolio of industry-specific SaaS AI applications; C3 AI CRM, a
suite of industry-specific CRM applications designed for AI and
machine learning; and C3 AI Ex Machina, a no-code AI solution to
apply data science to everyday business problems. The core of the
C3 AI offering is an open, model-driven AI architecture that
dramatically simplifies data science and application development.
Learn more at www.c3.ai.
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version on businesswire.com: https://www.businesswire.com/news/home/20210608005107/en/
KBC Media Relations Duncan Micklem +1 281 293 8200
info@kbc.global
Baker Hughes Media Relations Sharon So +82 10-6220-2405
sharon.so@bakerhughes.com
Ashley Nelson +1 925-316-9197 Ashley.nelson1@bakerhughes.com
C3 AI Public Relations Edelman Lisa Kennedy 415-914-8336
pr@c3.ai
Investor Relations ir@c3.ai
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