AIQ, Schlumberger, and Group 42 (G42), signed a strategic framework agreement to collaborate on the development and deployment of artificial intelligence (AI) and machine learning for the oil and gas industry.
Under the terms of the agreement, the three companies will combine their domain knowledge in digital technology, high-performance computing, and cloud storage to develop and commercialize AI products for global exploration and production (E&P).
AIQ is an Abu Dhabi-based joint venture company formed by G42 and the Abu Dhabi National Oil Company that specializes in the development of AI for the oil and gas industry. G42 is an AI and cloud-computing company based in Abu Dhabi.
Speaking ahead of the official opening of the Abu Dhabi International Petroleum Exhibition Conference, Abdulmunim Saif Al Kindy, chairman of the AIQ board of directors, said, “We look forward to bringing together the teams’ combined upstream industry expertise and AIQ’s AI modeling 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 data scientists, AI experts, and software developers will work on developing and deploying AI modeling and supercomputing using Schlumberger’s open cloud-based software platforms. The deployment will be hosted on G42’s cloud infrastructure.
Rajeev Sonthalia, president of digital and integration at Schlumberger, said, “Together, we will steer the development of a strategic partnership that can lead the way in digital innovation and transformation in the energy industry.”
“Partnering with world-leading companies to develop innovative industry-specific solutions is in G42’s DNA,” said Mansoor Al Mansoori, chief operating officer at Group 42. “A secure, scalable, and intelligent cloud infrastructure is an essential element of any digital transformation program. G42’s world-class cloud will support AIQ and Schlumberger on their joint endeavor to make oil and gas organizations more intuitive, agile, and effective and help unlock opportunities for multifaceted growth in the energy industry.”
The team also plans to share relevant proprietary research technology and work to identify pilot projects that have commercial potential for E&P.