(Source: G42)
AIQ, Schlumberger and Group 42 (G42), signed a strategic framework agreement on Nov. 8 to collaborate on the development and deployment of artificial intelligence (AI), machine learning and data solutions for the oil and gas industry.
Under the terms of the agreement, the three companies will leverage their combined domain knowledge in digital technology, high-performance computing and cloud storage capabilities to develop and commercialize market-leading AI products for the global upstream E&P market.
The agreement brings together three companies who will proactively collaborate in developing innovative and pioneering technology solutions. AIQ is an Abu Dhabi-based joint venture company between G42 and the Abu Dhabi National Oil Company (ADNOC) that specializes in the development of AI products and applications for the global oil and gas industry, and G42 is a leading AI and cloud computing company based in Abu Dhabi. Schlumberger is the world’s leading provider of technology and digital solutions for reservoir characterization, drilling, production, and processing to the energy industry.
“We are excited to be working with Schlumberger and Group 42 to develop best-in-class digital and AI technology solutions for the global oil and gas industry,” said Abdulmunim Saif Al Kindy, chairman of the AIQ Board, speaking ahead of the official opening of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC). “We look forward to bringing together the teams’ combined upstream industry expertise and AIQ’s AI modelling and supercomputing capabilities to develop and commercialize advanced AI solutions. These advanced AI solutions will play an important role in helping to further accelerate digital transformation within the global energy industry.”
As part of the partnership, AIQ’s world-class data scientists, AI experts and software developers will work on developing and deploying AI modeling and supercomputing solutions using Schlumberger’s open cloud-based software platforms. The deployment will be hosted on G42’s cloud infrastructure.
The combined team will also cross-share relevant proprietary research technology and work to identify pilot projects that have the potential to be commercialized in the global E&P market.
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