Oil major BP has signed a new two-year agreement with Cognite to optimise well design and workflows using a single consolidated data layer solution.
This strategic partnership will enable BP to use Cognite’s Cognite Data Fusion to empower its engineers and domain experts with better access to contextualized data. Cognite says that this would allow BP to increase the efficiency and sustainability of well operations.
Ahmed Hashmi, SVP Digital, Production & Business Services at BP, commented on the new contract: “BP is pleased to extend our strategic partnership with Cognite to focus on optimisation through contextualized data.
“Our collaboration using Cognite Data Fusion in our Well Delivery Workbench will empower well planners, engineers, and rig site operations teams to optimize well design and execution workflows. This will create a greater focus on safe delivery, improved design quality, and increased efficiency.”
Cognite claims its Industrial DataOps platform enables industrial data and domain users to collaborate quickly and safely to develop, operationalise, and scale industrial AI solutions and applications to deliver both profitability and sustainability.
Francois Laborie , Cognite North American President, explained: “BP continues to reimagine energy through bold digital solutions and we are glad to play a role as Cognite Data Fusion offers a single consolidated well data layer to increase efficiencies and sustainability.”
Utilising the same platform in February 2020, Cognite entered into an agreement with seismic contractor Petroleum Geo-Services (PGS) to reduce vessel operating costs and improve the efficiency of PGS’ fleet by leveraging Cognite Data Fusion’s core technology to extract data from different source systems.
Both companies confirmed in June this year that the data had been systemized with Cognite’s Industrial DataOps to increase vessel speed without jeopardizing the seismic acquisition operation or the vessel integrity. This solution provides seismic vessel operators with an overview of the factors determining a vessel’s optimal operating speed.
Recently, BP started up its Thunder Horse South Expansion Phase 2 project, which was sanctioned in May 2019. The project’s goal is to increase output at one of the largest fields in the Gulf of Mexico, and a total of eight wells are expected to be drilled as part of the project’s overall development. The peak annual average gross production is 25,000 barrels of oil equivalent a day from the initial two-well tieback.