Baker Hughes announced the introduction of multiple new digital solutions and investments to help advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and partners, the solutions focus on helping to improve efficiency and performance while reducing emissions, helping to drive the long-term sustainability of customer operations.
Leucipa is a public and private cloud-based automated field production software solution designed to help oil and gas operators proactively manage production and reduce carbon emissions. Leucipa focuses first on the specific outcome an operator wants to achieve, harnessing and leveraging data to help drive intelligent operations. A significant number of oil and gas production activities are still conducted manually, leading to inefficiencies, unnecessary costs and lost production. By automating production processes, Leucipa will help to eliminate much of that inefficiency, ensure more environmentally sound operations, and enable customers to help recover the millions of barrels that may have otherwise remained in the ground. Pan American Energy Corp, a leading energy company in Argentina, has agreed to be the launch customer of Leucipa. Leucipa will be released to the global market by mid-2023.
Cordant is an integrated suite of solutions supporting industrial asset performance management and process optimization. Building on Baker Hughes’ broad and established rotating equipment, critical sensors, valves, pumps, gears, and inspection service domain expertise, Cordant will combine existing digital offerings for hardware, software and services capabilities into one integrated and more simplified user interface. Customers’ digital assets, tools and insights will converge within Cordant and can more easily integrate with existing Baker Hughes technologies as well as technologies from other equipment manufacturers. Cordant is available today through a modular approach. Customers can deploy Cordant through a variety of models that are best aligned to their preferences: a hardware and software bundle; software as a service; on-premise offerings; or as an outcome-based solution tied to specific performance indicators. Releases with further enhancements and connectivity are planned throughout 2023 and beyond.
The Leucipa and Cordant solutions leverage and help to advance Baker Hughes’ core capabilities of enhanced domain expertise, engineering and advanced services capabilities by offering customers a more personalized experience through actionable insights supported by artificial intelligence (AI) engines. Baker Hughes remains committed to delivering the latest solutions for its customers and being at the forefront of digital innovation.
In addition, Baker Hughes announced it is collaborating with Corva, which offers an open solution for well construction digital offerings to help enhance rig visualization and decision making in the oil and gas industry. Corva's analytics and real-time data capabilities will help to improve well construction operations and reduce costs. Corva’s open development platform is designed to allow additional innovation by the operator and/or service providers. Baker Hughes is a minority investor in Corva, becoming an international reseller and introducing new applications to the Corva App Store for access to its oilfield expertise. The collaboration aims to help create a digital accelerator for improved efficiency in rig operations.
These three digital solutions are key components of Baker Hughes’ mission to be a digital partner of choice for energy and industrial customers. Together, these solutions help customers to drill better, produce more, and experience more intelligent operations. They enable customers to help make better, more informed decisions to better optimize their operations, reduce costs and increase production.