OPEX’s team of 40 employees, based in the UK, will join ERM’s digital and climate change business experts and scale their capabilities across the globe.
OPEX’s flagship product, emissions.AI, helps companies to operate complex facilities with lower carbon emissions. For example, a global energy company with upstream assets in the North Sea wanted to consider carbon in daily operational decisions to help reduce emissions. By continuously comparing real-time emissions data from the assets with the lowest achievable emissions target, emissions.AI automatically highlights when and where there may be a more efficient plant or process configuration, so users can take action to save on fuel, power and process emissions.
David McArthur, interim ERM Group CEO, said: “ERM is at the forefront of using digital technologies to help organizations reduce emissions and operationalise sustainability. As stakeholder expectations, regulation and emerging global carbon markets continue to evolve, we can expect strong competitive forces to align around them, requiring new capabilities. The addition of OPEX to the ERM Group enables us to scale AI-enabled emissions reduction solutions to our global client base, continuing to deliver our 'boots to boardroom' value proposition.”
Jamie Bennett (pictured), CEO of OPEX, said: “We have a six year track record of applying AI solutions to complex assets, and becoming part of ERM will help us to further extend our reach and capabilities. We will benefit from ERM’s global scale, network and expertise in sustainability, and look forward to working together to help customers address the biggest challenges they are facing today, and in particular the challenge of decarbonising operations.”
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Oilfield Technology’s final issue of 2021 starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.
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Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/17122021/erm-acquires-ai-and-data-science-solutions-provider-opex-group/
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