Baker Hughes, a GE company and C3.ai Announce Joint Venture to Deliver AI Solutions Across the Oil and Gas Industry
Companies will deliver Artificial Intelligence (AI) platform and applications with combined industry and technology expertise to accelerate the digital transformation of the oil and gas industry
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AI in the oil and gas segment helps improve overall performance by ingesting massive quantities of data, becoming intelligent about specific operational environments and predicting problems before they occur so that operators can improve planning, staffing, sourcing and safety. This joint venture combines BHGE’s extensive oil and gas technology domain expertise with C3.ai’s unique AI software suite and solutions, creating new opportunities for the sector.
“The oil and gas industry is rapidly evolving, and digital technology is
critical to achieving increased levels of productivity, efficiency and
safety for ourselves and for our customers,” said
“The oil and gas sector is undergoing a digital transformation to
improve efficiencies and increase safety, while simultaneously reducing
environmental impact,” said
The companies will immediately market and deploy C3.ai’s AI technology, including the C3 AI Suite and applications, into oil and gas businesses. BHGE and C3.ai will also leverage BHGE’s existing digital portfolio to collaborate on new integrated AI applications specific to oil and gas, and offer combined teams of oilfield and AI expertise deployed directly into customer environments to deliver AI solutions that meet specific business needs. Simplifying the approach to AI with this combined offering will help customers focus on what matters most – running their oil and gas business safely and efficiently.
“Shell utilizes the C3.ai platform to accelerate digital transformation across our business, focusing on using AI and machine learning to improve overall operations starting with predictive maintenance,” said Shell Group CIO Jay Crotts. “Shell also has a long-standing relationship with BHGE in oilfield services and software development. There is real potential in exploring the fusion of existing oilfield technology and emerging digital technology, in this case combining C3.ai’s capabilities with BHGE’s domain expertise to create new solutions that truly address oil and gas specific challenges with powerful advanced analytics technology.”
Under the terms of the agreement, BHGE has taken a minority equity position in C3.ai and will have a seat on C3.ai’s board of directors. BHGE will also accelerate its own use of AI, deploying the C3 AI Suite across its business to enable new BHGE AI applications that improve core operations and better serve customers with AI-enabled products and services.
About Baker Hughes, a GE company
C3.ai is a leading AI software provider for accelerating digital transformation. C3.ai delivers the C3 AI Suite for developing, deploying, and operating large-scale AI, predictive analytics, and IoT applications in addition to an increasingly broad portfolio of turn-key AI applications. The core of the C3.ai offering is a revolutionary, model-driven AI architecture that dramatically enhances data science and application development. More at: www.C3.ai
Source: Baker Hughes, a GE company and C3.ai
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