DCP Midstream and Apergy Announce a Joint Technology Development Agreement to Improve Reliability of Oil and Gas Operations U...
21 Enero 2020 - 5:00AM
DCP Midstream, LP (“DCP” or “DCP Midstream”) (NYSE: DCP) and
Windrock, Inc. (“Windrock”), a subsidiary of Apergy Corporation
(“Apergy”) (NYSE: APY), announced that they have agreed to jointly
develop a first of its kind set of digital solutions that combines
Artificial Intelligence (“AI”) and industry expertise to increase
asset reliability, enhance safety, and improve efficiency.
Windrock’s AI predictive models, by leveraging its Spotlight™
smart-hardware edge technology, have proven the ability to
anticipate changes in machine health weeks in advance. The goal of
the joint development is to augment this technology with DCP’s
process data and operational knowledge, and provide midstream
operators with tools to optimize the balance between process
efficiency, reliability cost, and machine health.
The development agreement is the result of a shared vision of
innovation, and a focus on creating additional value to oil and gas
operators. The joint development will not only be used to further
DCP’s successful digital transformation journey, but technology
outcomes will also be commercialized for the broader industry.
"DCP continues to explore and implement cutting edge
technologies in our DCP 2.0 digital transformation journey to
improve our asset performance, reduce risks and cost, and drive
efficiencies,” said Bill Johnson, Chief Transformation Officer at
DCP. “Coupling Windrock’s expertise in asset monitoring
technologies and our expertise in digitally enabling midstream
operations, we see significant potential in this collaboration to
create unique solutions for the oil and gas value chain.”
Ali Raza, Chief Digital Officer of Apergy, added, “This unique
combination of Windrock’s smart-hardware edge technology & AI
technology, along with operational knowledge of DCP, will maximize
customers’ process and equipment efficiency and productivity.
Adding capabilities developed alongside an industry leader, such as
DCP Midstream, to our hardware and software will improve our
ability to deliver technology with impact to our customers.”
About Apergy Apergy is a leading provider of
highly engineered equipment and technologies that help companies
drill for and produce oil and gas safely and efficiently around the
world. Apergy's products provide efficient functioning throughout
the lifecycle of a well - from drilling to completion to
production. Apergy’s Production & Automation Technologies
offerings consist of artificial lift equipment and solutions,
including rod pumping systems, electric submersible pump systems,
progressive cavity pumps and drive systems and plunger lifts, as
well as a full automation and digital offering consisting of
equipment and software for Industrial Internet of Things (“IIoT”)
solutions for downhole monitoring, wellsite productivity
enhancement, and asset integrity management. Apergy’s
Drilling Technologies offering provides market leading
polycrystalline diamond cutters and bearings that result in cost
effective and efficient drilling. To learn more about Apergy, visit
our website at http://www.apergy.com.
About Windrock
Windrock, a subsidiary of Apergy, is a leading provider of
reciprocating machinery analytics systems, including SpotlightTM,
an IIoT platform that integrates artificial intelligence and
subject matter expertise to predict and prevent catastrophic
failures, as well as decrease machine inefficiency.
About DCP Midstream
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner is a
joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
For more information:
DCP Media and Investor Relations:Sarah
Sandberg303-605-1626scsandberg@dcpmidstream.com
DCP Technology Ventures:Anand
Pradhan720-601-3071Apradhan@dcpmidstream.com
Apergy Corporation:Investor Contact: David
Skipperdavid.skipper@apergy.com 713-230-8031
Media Contact: John Breedjohn.breed@apergy.com281-403-5751
Windrock:Pier ParisiVP Business
Development(970) 215 9746Email: pier.parisi@apergy.com
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