GE to connect BP wells worldwide to Industrial Internet

GE Intelligent Platforms Software (NYSE: GE) has begun a production optimization project to connect all of BP’s (NYSE: BP) oil wells globally to the Industrial Internet.

Jul 9th, 2015

Offshore staff

FAIRFIELD, ConnecticutGE Intelligent Platforms Software (NYSE: GE) has begun a production optimization project to connect all of BP’s (NYSE: BP) oil wells globally to the Industrial Internet.

The software will collect information from sensors monitoring vibrations, temperature, pressure, and other well properties. It will store, contextualize, and visualize the data to give BP real-time insights. The goal is to improve well performance and production while minimizing downtime.

BP field engineers will gain real-time access to common machine and operational data sets across all wells. The project will initially be deployed across 650 of BP’s wells, expanding to 4,000 wells across the world over the next several years.

“This project highlights BP’s commitment to deploying technology that can not only improve efficiency and reduce the complexity of our operations, but that also continuously make them safer and more reliable,” said Peter Griffiths, BP System Optimization strategist.

“In this case, we are delivering a solution on a standard platform that supports BP’s move away from bespoke solutions to-off-the-shelf industry solutions that integrate with our work processes, but without the long-term support costs that a bespoke approach often entails.”

07/09/2015

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