AIQ and Bayanat Team Up on Logistics
The software that the duo is working on aims to optimize and automate the moving of drilling rigs.
Artificial intelligence (AI) technology company AIQ announced a partnership with Bayanat, an AI-powered geospatial technology company, to develop software that will optimize and automate the processes involved in moving drilling rigs. The Rig Move Optimization AI System by Bayanat has completed proof of concept testing.
The platform uses advanced analytics to streamline rig movement through AI-enabled route optimization and coordinated movement of assets, including rigs, personnel, and equipment, across multiple drilling sites. By automating the scheduling process, the software is designed to provide real-time updates on rig availability and maintenance, resource allocation, and conflicts. AIQ identified a key feature of the software as its ability to facilitate collaboration within day-to-day business operations and reduce the total distance covered for every rig move. The reduction is expected to have a direct effect on total carbon emissions for the entire fleet of rigs.
“The UAE has been making major strides within the space of AI technology. AIQ is proud to be working alongside Bayanat in the development of an AI software solution that can positively disrupt a core industry and further contribute to the UAE’s AI 2031 Vision,” said Omar Al Marzooqi, CEO of AIQ. “The combination of our AI expertise with Bayanat’s geospatial intelligence will transform logistical operations across the energy sector, drive efficiency, and reduce overall emissions.”
Implementing the Rig Move project will involve the development of custom software that integrates with existing systems and provides a reporting and analytics module that includes comprehensive data analysis and visualization tools. The software architecture includes components such as the pathfinder module, analytics module, scheduling algorithms, and reporting modules with real-time updating features to make informed decisions and respond to changes quickly.
“Through this partnership, we aim to revolutionize the oil and gas industry by streamlining complex logistics processes, minimizing downtime, and significantly enhancing rig move efficiency,” said Hasan Al Hosani, managing director at Bayanat.