12 March, 2018
OSLO, NORWAY -- Arundo Analytics, a software company enabling advanced analytics in heavy industry, and ABB, a global supplier of control and automation technologies, have collaborated to create the first cloud-based virtual multiphase flow meters for the offshore oil and gas industry. This solution will be part of the fully integrated ABB Ability™ portfolio for the oil and gas industry.
“Our customers are demanding lower purchase, installation, and ongoing support costs in their operations. Using the scalable Arundo software to combine physical models with the latest in data science and machine learning, we are able to bring a number of innovative, cloud-based data-driven applications to the oil & gas industry,” said Espen Storkaas, ABB Group Vice President for Offshore Oil & Gas Digital.
For over fifty years, ABB has leveraged extensive physical modeling and simulation experience to deliver analytical insights into the offshore oil & gas industry- this includes modeling flows of individual phases of various intermingled fluids in a single stream. Typically, such flows are measured with expensive multiphase flow meters (MPFMs), which can be a significant amount of a facilities capital expense.
The cloud-to-cloud solution will provide connectivity between ABB Ability™ and Arundo’s Composer and Fabric software in order to offer a significantly more affordable and reliable option for oil & gas operators. This virtual flow meter provides analytics as a service to help facilities gain real-time data to understand the constituent properties of any given stream of produced fluids.
“Arundo’s software is purpose-built for taking desktop-based analytical models into live, online environments in just minutes. This collaboration will give the industry more transparency into their operations while also supporting with the need to find cost efficient, reliable solutions,” said Mogens Mathiesen, VP Business Development at Arundo.From left, CEO and Founder of Arundo Analytics Tor Jakob Ramsøy, Global Head, Oil, Gas and Chemicals for ABB Per Erik Holsten, and Vice President, Oil, Gas and Chemicals for ABB Norway Borghild Lunde,shake hands after signing an MOU for collaboration on advanced analytics on Monday March 19, 2018. ABB and Arundo collaborated to develop the first cloud-based virtual multiphase flow meter for the oil & gas industry.
About Arundo Analytics
With offices in Oslo, Houston, and Silicon Valley, Arundo Analytics provides cloud-based and edge-enabled software for the deployment and management of enterprise-scale industrial data science solutions. Arundo's software allows industrial companies to increase revenue, reduce costs, and reduce risk through machine learning and other analytical solutions that connect industrial data to advanced models, and connect model insights to business decisions.
ABB Ltd. (SIX Swiss Ex: ABBN) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com
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