Cordant is said to enable the standardisation of asset health and strategy by integrating operational data within a probabilistic model, simultaneously optimising 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.
Gordon Birrell, executive vice president Production and Operations at BP, said: “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. 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.”
Ganesh Ramaswamy, executive vice president Industrial and Energy Technology at Baker Hughes, said: “Faced with mounting pressures to balance cost, efficiency and sustainability, asset owners and operators are looking to digital solutions to deliver more intelligent operations. 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.”
