Baker Hughes, a GE Company (BHGE) and TechnipFMC have signed an agreement to develop digital applications to make Liquefied Natural Gas (LNG) plants become more efficient.
BHGE says the move, which is an extension of its Asset Performance Management software, will significantly reduce unplanned maintenance and non-productive time.
The aim is to help operators reasonably predict when equipment will trip and to estimate risk of plant performance reduction.
Under the new agreement, which was signed in Italy today, BHGE and TecnhipFMC will develop, test and deploy advanced analytics to provide insights on the plant condition.
BHGE says potential beneficiaries include global LNG producing plants and both brownfield and greenfield floating LNG sites.