You are Home   »   News   »   View Article

Baker Hughes and bp to Collaborate on Cordant to enhance asset strategy

Monday, March 6, 2023


• Baker Hughes and bp to collaborate on building out Cordant functionality and roadmap to deliver more intelligent operations
• The Cordant suite of solutions helps simplify operations and enhance decision making to improve asset availability, manage risk and lower emissions


HOUSTON and LONDON, - March. 6, 2023 - Baker Hughes, an energy technology company, announced Monday that it will collaborate with bp, the global integrated energy company, on further defining and developing CordantTM, a new Baker Hughes integrated suite of solutions for asset performance management and process optimization.

Cordant enables the standardization of asset health and strategy by integrating operational data within a probabilistic model, simultaneously optimizing the resource and cost structure without negatively impacting plant availability or production output. As part of the collaboration, bp will deploy OnePM, a Cordant asset strategy solution in select locations across its Gulf of Mexico production assets, where Baker Hughes currently has a large install base of rotating equipment, controls, and associated digital services. The companies will look for opportunities to expand this collaboration across other regions in the future.

'bp continues to invest in technologies and solutions to safely deliver secure, affordable, lower carbon energy. Our assets' reliability and operational efficiency are key to our resilient hydrocarbons strategy,' said Gordon Birrell, executive vice president Production and Operations at bp. With our long-standing relationship with Baker Hughes and installed base of its equipment, software, and services, it was a natural choice to collaborate on the development of Cordant, and work together to improve reliability, efficiency and lower the emissions of our assets.'

'Faced with mounting pressures to balance cost, efficiency and sustainability, asset owners and operators are looking to digital solutions to deliver more intelligent operations,' said Ganesh Ramaswamy, executive vice president Industrial and Energy Technology at Baker Hughes. 'Our collaboration with bp in the development of Cordant will help define new use cases, build out functionality, and accelerate the journey towards more efficient and sustainable operations.'

Launched at the Baker Hughes Annual Meeting 2023 in January, Cordant is an integrated suite of solutions supporting asset performance management and process optimization for industrial and energy customers. It leverages Baker Hughes' critical capabilities and combines existing digital offerings for hardware, software, and services capabilities into one integrated and simplified user interface.



Associated Companies
» Baker Hughes (BHGE)
» BP
comments powered by Disqus

CREATE A FREE MEMBERSHIP

To attend our free events, receive our newsletter, and receive the free colour Digital Energy Journal.

DIGITAL ENERGY JOURNAL

Latest Edition Oct-Dec 2023
Nov 2023

Download latest and back issues

COMPANIES SUPPORTING ONE OR MORE DIGITAL ENERGY JOURNAL EVENTS INCLUDE

Learn more about supporting Digital Energy Journal