By: ICN Bureau
Last updated : June 10, 2021 8:27 am
Deployment will enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management
KBC, a wholly owned subsidiary of Yokogawa Electric Corporation, adopts BakerHughesC3.ai (BHC3 AI) alliance Suite and Enterprise AI applications for the company’s downstream oil & gas sectors.
The deployment will enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management.
KBC is a leading consultancy and software provider for energy, chemical, and offshore oil and gas operations. The company’s process simulation software is widely adopted across hydrocarbon processing facilities, playing a critical role in helping operators meet production goals and maximize profitability.
Petro-SIM, KBC's leading process simulation software and optimization platform for driving excellence in facility performance and organizational productivity, has demonstrated bi-directional interoperability with the BHC3 AI Suite. By augmenting KBC’s simulation software with capabilities from BHC3, KBC will further help oil and gas assets improve process planning accuracy, deliver operational agility, and significantly reduce processing time.
These robust enterprise AI solutions will provide continuous automated updates to physics-based simulations through a flexible, extensible model that scales to any industrial configuration and environment, with benefits extending into the supply chain. KBC anticipates the enterprise AI-enabled solutions will generate significant annual economic value for customers, estimating that improved operations will yield more than $0.65 per barrel.
Shigeyoshi Uehara, Chief Executive Officer, KBC, said, “Working with domain experts for oil and gas specific applications will enable the people, process, and technology changes necessary for more efficient and productive operations.”
Uwem Ukpong, Executive Vice President of Regions, Alliances and Enterprise Sales at Baker Hughes said, “BHC3’s scalable AI capabilities for the energy industry will augment KBC’s existing software and enable future application development. These solutions are focused on energy and highly engineered products, demonstrating further momentum for the BakerHughesC3.ai alliance as Baker Hughes continues to invest for growth in industrial digitization.”
Thomas M. Siebel, chairman and CEO of C3 AI said, “The transformation of energy requires new approaches, including the constant evolution of existing solutions on the market today. This agreement represents an exciting combination of visionary and market-leading companies working together to digitally-transform the oil and gas industry.”