Palantir Technologies and BP have announced an enterprise agreement that will extend their strategic relationship and introduce new artificial intelligence (AI) capabilities with Palantir’s AIP software.
The new contract will build on a decade of collaboration. Since 2014, Palantir software has been used widely by BP to support its oil and gas production operations, from offshore oil platforms in the North Sea and the Gulf of Mexico to the Khazzan gas fields in Oman.
During that decade, Palantir has supported BP’s digital transformation program, with a focus on delivering efficiencies in the oil and gas production system. Central to that program has been the development of a model-based digital twin of BP’s oil and gas production activity. This entails the integration of dynamic digital physical asset models with real-time data from more than 2 million sensors into a single integrated operating picture.
“We are incredibly excited to continue our strategic relationship,” said Matthew Babin, head of energy and natural resources at Palantir. “Going forward, our objectives together remain the same: further enhancing the efficiency of BP’s operations while increasing data integration. Now, AIP offers the opportunity to help accelerate human decision-making on top of the robust digital twin and deep operational workflows already in place.”
Palantir’s AIP software will assist BP in harnessing large language models (LLMs) to improve and accelerate decision-making with suggested courses of action based on automated analysis of the underlying data.
Within the software, the robustness of the underlying data infrastructure and digital twin are combined with tools to ensure transparency into AI recommendations. This means that the software is designed to enable safe and reliable AI deployment and guard against hallucinations. Meanwhile, security features control what LLMs can and cannot do together with fully auditable digital records of any decisions or actions taken.
“Our strategic relationship with Palantir will continue to play an important role in supporting the ongoing digital transformation of BP’s operations,” said Sunjay Pandey, senior vice president of digital delivery for BP. “The use of advanced digital twin simulations helps us to safely monitor and optimize various aspects of the production process to enhance operational performance.”