By connecting 4,000 global oil wells to be connected to the Industrial Internet, BP will improve efficiency, prevent failures and minimise costly downtime
According to industry estimates, for each week a well is out of commission, operators experience revenue losses of more than $3 million for a subsea well. In today’s low price oil environment, it is increasingly important for customers to embrace Industrial Internet technologies to increase uptime and maximise production.
Taking a step forward in this direction, BP has teamed up with GE to deploy the latter’s data management software across its global operations to enhance operational efficiency. 
A new production optimisation project has been announced to connect all of BP’s oil wells globally to the Industrial Internet. Using GE’s data management software, BP field engineers will get real-time access to common machine and operational data sets across all wells, arming them with information to make better decisions to improve efficiency, prevent failures and minimise costly downtime.
The project will initially be deployed across 650 of BP wells, expanding to 4,000 wells across the world over the next few years.

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  By connecting 4,000 global oil wells to be connected to the Industrial Internet, BP will improve efficiency, prevent failures and minimise costly downtime
According to industry estimates, for each week a well is out of commission, operators experience revenue losses of more than $3 million for a subsea well. In today’s low price oil environment, it is increasingly important for customers to embrace Industrial Internet technologies to increase uptime and maximise production.
Taking a step forward in this direction, BP has teamed up with GE to deploy the latter’s data management software across its global operations to enhance operational efficiency. 
A new production optimisation project has been announced to connect all of BP’s oil wells globally to the Industrial Internet. Using GE’s data management software, BP field engineers will get real-time access to common machine and operational data sets across all wells, arming them with information to make better decisions to improve efficiency, prevent failures and minimise costly downtime.
The project will initially be deployed across 650 of BP wells, expanding to 4,000 wells across the world over the next few years.

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