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 November 1, 2015 - 10:00 PM EST
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RasGas Leads with First Global GE Asset Performance Management Solution Built Exclusively for LNG Sector

  • Process optimization across RasGas operations expected to generate substantial savings over 10 years
  • Integration of big data and advanced analytics using GE’s Predix™ platform to help scale up reliability, maintenance effectiveness and productivity

RasGas Company Limited (RasGas), one of the world’s largest producers of liquefied natural gas (LNG), leads the industry with the first global deployment of GE’s Asset Performance Management (APM) solutions, powered by Predix, as a pilot, created specifically to meet the needs of the LNG sector.

RasGas becomes the first global LNG customer to leverage GE’s Predix Cloud, the world’s first and only cloud-based solution designed specifically for industrial data and analytics. This LNG-focused Predix Cloud solution is projected to extend the life of RasGas assets. It will also lower operating costs through greater efficiencies and optimize product chain across RasGas assets.

Marking the effective integration of big data and advanced analytics, the path-breaking solution will support process optimization across RasGas operations.

It will capture and analyze the unique volume, velocity and variety of machine data within a highly secure, industrial-strength cloud environment, leading to higher reliability in operation and optimizing resource use efficiency.

The application of APM solutions is expected to meet a current gap in the LNG industry, whereby raw data is currently isolated and at different locations. The accumulated information from several years of operation in various locations can now be integrated to strengthen predictive and corrective capabilities. Serving as a one-stop optimized solution, it benefits the LNG sector in scaling up its efficiencies and productivity to meet the future growth goals of RasGas.

Fahad Mohammed Al Khater, Chief Operations Officer, RasGas, said: “At RasGas, we are continuously exploring opportunities to enhance our operational efficiency by leveraging the latest in technology innovation. The efficient utilization of big data enables us to monitor our resources effectively and identify challenges even before their onset to drive growth.”

Bill Ruh, Chief Digital Officer, GE said: “Powered by Predix, our APM solutions help unlock the potential for productivity gains by our customers through highly efficient production cycles. The introduction of our first APM solution for the LNG sector with RasGas, a global pioneer in the LNG industry, demonstrates the organization’s keen commitment to be a leader in adopting next generation technologies today. Beyond the technology gains, the solution will also enhance the entire value chain - promoting innovation and growth.”

The collaboration between RasGas and GE also fosters a culture of localized innovation by bringing automated systems and platforms that will strengthen the skills of Qatari technical professionals. GE’s global workforce will support the Qatari professionals through knowledge sharing sessions. It is also aligned with the Qatar National Vision 2030 by promoting sustainable development through lower carbon dioxide emissions, further contributing to the cost optimization initiatives of RasGas.

About GE:

GE (NYSE:GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

Caroline Wehbeh, +9714 4296318
External Communications Director

Source: Business Wire (November 1, 2015 - 10:00 PM EST)

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