Canadian oilsands player Meg Energy Corp. is partnering with oilfield services giant Baker Hughes Co. (BKR) and software provider C3 AI Inc. to make its upstream operations more efficient.
BKR and C3 said Tuesday they had successfully deployed their BHC3 production optimization artificial intelligence (AI) application at Meg’s operations. The software is designed to “improve operational efficiency, productivity, and to better visualize risk across the company’s upstream production operations,” the companies said.
In particular, the technology is expected to help Calgary-based Meg improve the efficiency of its steam-assisted gravity drainage production. The application features virtual meters providing data on more than 300 thermal production wells, BKR and C3 said.
In addition, it “monitors moment-to-moment operations, allows seamless integration between engineers and field staff, and creates actionable predictive insights to enhance the daily operational workflow for production engineers and operators,” according to the companies.
Meg Chief Technology Officer Chi-Tak Yee said, “BHC3’s advanced enterprise AI-based solutions will further enable the differentiated, proprietary technology we utilize to ensure safe, sustainable production of energy. Enterprise AI has successfully demonstrated it can improve visibility, workflow management, and overall productivity of operations.”
In July, Meg reported a second-quarter profit mostly because of improved oil prices and higher exports to the U.S. Gulf Coast. It has also recently joined other oilsands producers in efforts to lower their carbon footprints.
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