SparkCognition Adds Artificial Intelligence to Aker BP's Operations

Advanced AI technology accelerates oil and gas operator's predictive capabilities

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Mar 26, 2019, 06:00 ET

AUSTIN, Texas, March 26, 2019 /PRNewswire/ -- Aker BP ASA (AKERBP:NO), one of the largest independent offshore oil and gas companies, and global artificial intelligence (AI) company SparkCognition, are collaborating to enhance AI applications in Aker BP's "Cognitive Operation" initiative, a new upstream flagship transformation project.

"We recognize the imperative of applying advanced technology to optimize our critical operations," said Per Harald Kongelf, SVP Improvement at Aker BP. "Working with SparkCognition on the Cognitive Operation project confirms Aker BP's unmatched commitment to surpass industry demands and propel its innovation strategy forward."

Through the new transformation initiative, Aker BP is deploying SparkCognition's analytics solution SparkPredict^Ⓡ on offshore production platforms to accelerate productivity with advanced predictive maintenance capabilities. SparkCognition's AI systems will monitor both topside and subsea installations for over 30 offshore structures, augmenting Aker BP's entire fleet of production platforms.

"SparkCognition is dedicated to advancing the most important interests in society with sophisticated AI systems," said Philippe Herve, Vice President of Solutions at SparkCognition. "Our collaboration with Aker BP confirms SparkCognition's capability to address difficult challenges in the world's most significant industries and illustrates our dedication to enhancing operations with artificial intelligence."

Using machine learning algorithms, SparkPredict analyzes sensor data to identify suboptimal operations and impending failures before they occur. By deploying SparkPredict on its offshore production platforms, Aker BP will maximize production and efficiency, accelerating its mission to deliver unparalleled value to its customers throughout the world.

"The oil and gas industry is facing a rapidly changing digital landscape that requires cutting-edge technologies to cultivate growth and success," said Per Harald Kongelf. "Aker BP has long term collaborations in place with companies like SparkCognition to deploy industry-leading solutions."

About Aker BP ASA:

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). Measured in production, Aker BP is one of the largest independent oil companies in Europe.

Aker BP has a balanced portfolio and is the operator of the Valhall, Ula, Ivar Aasen, Alvheim and Skarv field hubs. The company is headquartered at Fornebu outside Oslo and has offices in Stavanger, Trondheim, Harstad and Sandnessjøen.

At the end of 2016, the company had 1,371 employees. Aker BP ASA is jointly owned by Aker ASA (40%), BP (30%) and other shareholders (30%). The company is listed on the Oslo Stock Exchange with ticker 'AKERBP'.

About SparkCognition:

With award-winning machine learning technology, a multinational footprint, and expert teams focused on defense, IIoT, and finance, SparkCognition builds artificial intelligence systems to advance the most important interests of society. Our customers are trusted with protecting and advancing lives, infrastructure, and financial systems across the globe. They turn to SparkCognition to help them analyze complex data, empower decision making, and transform human and industrial productivity. With our leading edge artificial intelligence platforms, our clients can adapt to a rapidly changing digital landscape and accelerate their business strategies. Learn more about SparkCognition's AI applications and why we've been featured in CNBC's 2017 Disruptor 50, and recognized three years in a row on CB Insights AI 100, by visiting www.sparkcognition.com.

For Media Inquiries:

John King
SparkCognition
[email protected]
512-956-5491

SOURCE SparkCognition