Weatherford announced it has signed a strategic memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based artificial intelligence (AI) company developing products for the energy sector. The partnership aims to increase efficiency in energy production through the use of automation and AI.
“We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry,” said Girish Saligram, Weatherford’s president and CEO. “This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximize their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernize their workflows and achieve greater success in today’s rapidly evolving energy landscape.”
The collaboration intends to integrate Weatherford’s software and hardware, including its Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ’s AI-driven systems. By combining these tools, Weatherford and AIQ say they hope to enable operators to optimize production workflows, reduce downtime, and enhance operational efficiency across global oil and gas facilities.
“This partnership marks another step in AIQ’s mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain,” said Magzhan Kenesbai, AIQ’s acting managing director. “By integrating our advanced AI-driven tools with Weatherford’s energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimize their workflows, reduce downtime, and achieve unparalleled operational excellence.”
The partnership plans to combine AIQ’s AI technology with Weatherford’s Modern Edge, providing operators with the ability to scale work processes while ensuring an economic return. This integration is designed to allow customers to modernize edge operations and facilitate autonomous production.
Weatherford’s Universal Normalizer also will work in tandem with AIQ’s capabilities to bring together multiasset data, combining operational and financial analysis into a unified data model.
Also benefiting from the collaboration, Weatherford’s WFRD Software Launchpad will present customers with software through a comprehensive industrial software-as-a-service platform. The goal of the WFRD Software Launchpad is to eliminate the complexity of managing multiple systems and vendors and provide a single point of access for all Weatherford and partner-built applications.