Baker Hughes, a New York-listed oil services company, has taken a minority equity stake in Verdande Energy, a subsidiary of Norway-based Verdande Technology.
Baker Hughes will become a user of Verdande Technology’s case-based reasoning (CBR) software platform for oil and gas applications, DrillEdge.
Scott Schmidt, president of drilling and evaluation for Baker Hughes, said: “Integrating this [DrillEdge] capability into our portfolio of real-time optimization and remote drilling services complements our Beacon remote operations platform.”
Verdande Technology AS was founded in…
