Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™
Baker Hughes (NASDAQ: BKR) and Repsol have announced a new agreement to develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution. This collaboration aims to implement AI-powered automation workflows across Repsol's global assets to enhance operational capabilities, optimize production, improve efficiency, and reduce emissions.
The partnership will leverage shared knowledge and expertise to accelerate the energy industry's digital evolution. Repsol, which has been using Leucipa since its introduction, will deepen its relationship with Baker Hughes, reinforcing its position as an industry leader and creating new commercial opportunities for Leucipa.
Leucipa focuses on achieving specific operator outcomes by harnessing data to drive intelligent operations. By automating production processes, it aims to reduce inefficiency, ensure more environmentally sound operations, and enable the recovery of millions of barrels that would otherwise remain in the ground.
Baker Hughes (NASDAQ: BKR) e Repsol hanno annunciato un nuovo accordo per sviluppare e implementare capabilities di intelligenza artificiale di nuova generazione attraverso la soluzione automatizzata di produzione sul campo Leucipa™. Questa collaborazione mira a implementare flussi di lavoro automatizzati alimentati da AI in tutti gli asset globali di Repsol per migliorare le capacità operative, ottimizzare la produzione, aumentare l'efficienza e ridurre le emissioni.
La partnership sfrutterà la conoscenza e l'expertise condivise per accelerare l'evoluzione digitale dell'industria energetica. Repsol, che ha utilizzato Leucipa sin dalla sua introduzione, approfondirà la sua relazione con Baker Hughes, rafforzando la sua posizione di leader del settore e creando nuove opportunità commerciali per Leucipa.
Leucipa si concentra su risultati specifici per l'operatore, utilizzando i dati per guidare operazioni intelligenti. Automatizzando i processi di produzione, mira a ridurre l'inefficienza, garantire operazioni più ecologiche e consentire il recupero di milioni di barili che altrimenti rimarrebbero nel terreno.
Baker Hughes (NASDAQ: BKR) y Repsol han anunciado un nuevo acuerdo para desarrollar e implementar capacidades de inteligencia artificial de nueva generación a través de la solución automatizada de producción en campo Leucipa™. Esta colaboración tiene como objetivo implementar flujos de trabajo automatizados impulsados por IA en los activos globales de Repsol para mejorar las capacidades operativas, optimizar la producción, aumentar la eficiencia y reducir las emisiones.
La asociación aprovechará el conocimiento y la experiencia compartida para acelerar la evolución digital de la industria energética. Repsol, que ha estado utilizando Leucipa desde su introducción, profundizará su relación con Baker Hughes, reforzando su posición como líder de la industria y creando nuevas oportunidades comerciales para Leucipa.
Leucipa se centra en lograr resultados específicos para el operador aprovechando los datos para impulsar operaciones inteligentes. Al automatizar los procesos de producción, busca reducir la ineficiencia, garantizar operaciones más sostenibles y permitir la recuperación de millones de barriles que de otro modo permanecerían en el suelo.
베이커 휴스(Baker Hughes) (NASDAQ: BKR)와 레프솔(Repsol)은 Leucipa™ 자동화 필드 생산 솔루션을 통해 차세대 인공지능 기능을 개발 및 배포하기 위한 새로운 협정이 체결됐다고 발표했습니다. 이 협력은 운영 능력을 강화하고 생산을 최적화하며 효율성을 개선하고 배출량을 줄이기 위해 Repsol의 글로벌 자산에 AI 기반 자동화 워크플로우를 구현하는 것을 목표로 하고 있습니다.
파트너십은 에너지 산업의 디지털 진화를 가속화하기 위해 공유된 지식과 전문성을 활용할 것입니다. Leucipa를 도입 이후로 사용해 온 Repsol은 Baker Hughes와의 관계를 더욱 강화하여 산업 리더로서의 입지를 굳건히 하고 Leucipa를 위한 새로운 상업적 기회를 창출할 것입니다.
Leucipa는 데이터 활용을 통해 지능적인 운영을 주도하여 특정 운영자의 결과를 달성하는 데 집중하고 있습니다. 생산 프로세스 자동화를 통해 비효율성을 줄이고, 보다 환경 친화적인 운영을 보장하며, 그렇지 않으면 땅에 남아 있을 수백만 배럴을 회수하는 것을 목표로 하고 있습니다.
Baker Hughes (NASDAQ: BKR) et Repsol ont annoncé un nouvel accord pour développer et déployer des capacités d'intelligence artificielle de nouvelle génération grâce à la solution de production sur le terrain automatisée Leucipa™. Cette collaboration vise à mettre en œuvre des flux de travail automatisés alimentés par l'IA sur les actifs mondiaux de Repsol afin d'améliorer les capacités opérationnelles, d'optimiser la production, d'améliorer l'efficacité et de réduire les émissions.
Le partenariat tirera parti des connaissances et de l'expertise partagées pour accélérer l'évolution numérique de l'industrie énergétique. Repsol, qui utilise Leucipa depuis son introduction, approfondira sa relation avec Baker Hughes, renforçant ainsi sa position de leader dans l'industrie et créant de nouvelles opportunités commerciales pour Leucipa.
Leucipa se concentre sur l'obtention de résultats spécifiques pour l'opérateur en utilisant les données pour guider des opérations intelligentes. En automatisant les processus de production, il vise à réduire l'inefficacité, à garantir des opérations plus respectueuses de l'environnement et à permettre le recouvrement de millions de barils qui autrement resteraient dans le sol.
Baker Hughes (NASDAQ: BKR) und Repsol haben eine neue Vereinbarung angekündigt, um KI-Funktionen der nächsten Generation durch die automatisierte Feldproduktionslösung Leucipa™ zu entwickeln und bereitzustellen. Diese Zusammenarbeit zielt darauf ab, KI-gesteuerte Automatisierungsabläufe in den globalen Vermögenswerten von Repsol umzusetzen, um die operationellen Fähigkeiten zu verbessern, die Produktion zu optimieren, die Effizienz zu steigern und die Emissionen zu reduzieren.
Die Partnerschaft wird das gemeinsame Wissen und die Expertise nutzen, um die digitale Evolution der Energieindustrie zu beschleunigen. Repsol, das Leucipa seit seiner Einführung nutzt, wird die Beziehung zu Baker Hughes vertiefen, seine Position als Branchenführer festigen und neue Geschäftsmöglichkeiten für Leucipa schaffen.
Leucipa konzentriert sich darauf, durch die Nutzung von Daten intelligente Betriebsabläufe zu fördern, um spezifische Ergebnisse für den Betreiber zu erreichen. Durch die Automatisierung von Produktionsprozessen zielt es darauf ab, Ineffizienzen zu verringern, umweltfreundlichere Abläufe sicherzustellen und Millionen von Barrels zurückzugewinnen, die sonst im Boden verbleiben würden.
- Strategic collaboration to develop AI-powered automation workflows
- Potential for improved operational efficiency and production optimization
- Opportunity to reduce carbon emissions in oil and gas operations
- Creation of new commercial opportunities for Leucipa solution
- None.
Insights
Baker Hughes' collaboration with Repsol to develop AI-powered automation workflows through Leucipa™ is a significant move in the oil and gas industry's digital transformation. This partnership aims to optimize production, improve efficiency and reduce emissions across Repsol's global assets.
The key benefits of this collaboration include:
- Enhanced operational capabilities through AI-powered automation
- Improved resource recovery, potentially unlocking millions of barrels of oil
- Reduced carbon emissions and more environmentally sound operations
- Knowledge sharing to accelerate industry-wide digital evolution
For Baker Hughes, this agreement strengthens Leucipa's position as a leading digital production software in the industry. It also opens up new commercial opportunities for the Leucipa platform. The collaboration validates Baker Hughes' technology leadership in the energy sector and could lead to increased adoption of their AI solutions by other oil and gas companies.
While the immediate financial impact may be , the long-term potential for Baker Hughes is significant as the industry continues to embrace digital technologies for operational optimization and sustainability improvements.
This collaboration between Baker Hughes and Repsol represents a significant step forward in the digitalization of the oil and gas industry. The development of AI-powered processes through Leucipa™ has several important implications:
- Operational Efficiency: By automating production processes, companies can significantly reduce inefficiencies, leading to cost savings and improved profitability.
- Resource Optimization: The ability to recover more oil from existing assets without additional drilling is important in an era of resource constraints and environmental concerns.
- Emissions Reduction: The focus on reducing carbon emissions aligns with the industry's growing emphasis on sustainability and ESG goals.
- Competitive Advantage: Early adopters of advanced AI technologies like Leucipa™ may gain a significant edge in the market.
For Baker Hughes, this partnership could lead to increased market share in the digital oilfield solutions sector. It also positions the company as a key player in the industry's transition towards more sustainable and efficient operations. Investors should monitor the adoption rate of Leucipa™ and its impact on Baker Hughes' revenue streams in the coming quarters.
- Companies will develop new AI-powered processes and workflows to achieve further optimization in oil and gas production
- Knowledge sharing will enhance Leucipa’s capabilities
HOUSTON and LONDON, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and Repsol, a global multi-energy company, announced Monday a new agreement to collaboratively develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution.
Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets around the globe to unlock new operational capabilities. This collaboration will leverage the shared knowledge, best practices and technical expertise of both companies to optimize production, improve efficiency and reduce emissions.
“Artificial intelligence is revolutionizing energy production, and Leucipa enables companies to operate more efficiently to recover more from their assets,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “Repsol has long been a trusted collaborator, and their support has helped Leucipa develop into the industry’s most innovative and effective digital production software. We are excited to work together to accelerate the energy industry’s digital evolution.”
Repsol has leveraged Leucipa across their operations since the introduction of the solution, helping to optimize their digital infrastructure and operational capabilities. The memorandum of understanding signed Oct. 11, 2024, will deepen that relationship while also reinforcing Repsol’s position as an industry leader and creating new commercial opportunities for Leucipa.
The Leucipa automated field production solution helps oil and gas operators proactively manage production and reduce carbon emissions. Leucipa focuses first on the specific outcome an operator wants to achieve, harnessing and leveraging data to drive intelligent operations. By automating production processes, Leucipa will reduce inefficiency, ensure more environmentally sound operations, and enable customers to help recover the millions of barrels that would have otherwise remained in the ground.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
For more information, please contact:
Media Relations
Brian Reynolds
+1 346-315-6663
brian.reynolds@bakerhughes.com
Investor Relations:
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
FAQ
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