ABB Delivers Virtual Flow Meters Powered by Arundo Analytics

HOUSTON–(BUSINESS WIRE)–#ABB–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, Co-founder and Commercial
Lead at Arundo.

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.

About ABB

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

Contacts

ABB
Admiral Associates
Georgie Cameron, +00 44 7974648057
[email protected]
or
Imogen
Holmes, +00 44 (0)20 3198 9667
[email protected]
or
Arundo
Analytics
Treble PR
Ethan Parker, 512-960-8222
[email protected]