Baker Hughes and C3 AI Deploy Enterprise AI Solutions at MEG Energy for Improved Efficiency of Thermal Production Operations
14 September 2021 - 3:00PM
Business Wire
- MEG Energy has successfully deployed the BakerHughesC3.ai
(BHC3) enterprise AI application BHC3 Production Optimization for
maximizing upstream oil and gas production and recovery
- BHC3’s enterprise artificial intelligence and machine learning
capabilities add predictive intelligence at-scale to MEG Energy’s
existing digital programs for production operations
Baker Hughes (NYSE: BKR) and C3 AI (NYSE:AI) today announced the
successful deployment of the BHC3 Production Optimization
enterprise AI application at MEG Energy, an Alberta, Canada-based
energy company, to improve operational efficiency, productivity,
and to better visualize risk across the company’s upstream
production operations.
MEG Energy leverages innovative technology to reduce energy and
water use, along with greenhouse gas intensity, while improving the
efficiency and sustainability of thermal oil production. The
adoption of BHC3's enterprise AI solutions will accelerate MEG
Energy’s use of digital solutions to further improve the efficiency
of steam-assisted gravity drainage (SAGD) production.
MEG Energy has worked with energy technology, data science, and
AI experts at Baker Hughes and C3 AI to train, develop, and apply
machine learning models and analytics using historical and
real-time data. The enterprise AI-based BHC3 Production
Optimization application monitors moment-to-moment operations,
allows seamless integration between engineers and field staff, and
creates actionable predictive insights to enhance the daily
operational workflow for production engineers and operators, with
customized analytics-based alerts and virtual meters providing
measurements for emulsion, gas, and vapor across more than 300
thermal production wells.
“BHC3’s advanced enterprise AI-based solutions will further
enable the differentiated, proprietary technology we utilize to
ensure safe, sustainable production of energy,” said Chief
Technology Officer Chi-Tak Yee, MEG Energy. “Enterprise AI has
successfully demonstrated it can improve visibility, workflow
management, and overall productivity of operations.”
“Enterprise AI software creates new pathways to efficiency and
productivity for today’s upstream industry,” said Uwem Ukpong,
executive vice president of regions, alliances and enterprise sales
at Baker Hughes. “This is an exciting deployment, as
BakerHughesC3.ai solutions are now serving MEG Energy’s technology
and operational excellence objectives with scaled, domain-specific
enterprise AI.”
“Extracting significant economic value from complex production
data requires enterprise AI,” said C3 AI Chief Technology Officer
Ed Abbo. “The BHC3 Production Optimization application, powered by
the underlying capabilities of the BHC3 AI Suite, is tried, tested
and proven to deliver predictive intelligence at scale to increase
productivity, reduce risk, and help meet the environmental targets
that are critical to ensuring future energy and climate
security.”
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/20210914005013/en/
C3 AI Public Relations Edelman Lisa Kennedy 415-914-8336
pr@c3.ai
Investor Relations ir@c3.ai
Baker Hughes Contacts: Media Relations Ashley
Nelson +1 925-316-9197 Ashley.nelson1@bakerhughes.com
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