Weatherford Signs Agreement With DataRobot To Advance AI Capabilities
The service company said it plans to use DataRobot’s artificial intelligence capabilities in its production-optimization and well-construction digital platforms.
Weatherford International signed a multiyear agreement with artificial-intelligence (AI) company DataRobot to deliver advanced AI in its digital platforms, including the ForeSite production optimization and Centro well construction platforms.
By forging this new relationship with DataRobot, Weatherford plans to accelerate the development of machine learning (ML) and AI-enabled offerings within its digital solutions portfolio to deliver innovative technologies to the market. Providing an integrated solution combining physics-based and AI models at scale enables understanding and leveraging large quantities of data from every corner of an asset to improve operations performance.
“We began our Industry 4.0 journey in 2017 by introducing our first AI/ML-based modules in our software platforms,” said Matt Foder, Weatherford’s senior vice president of innovation and new energy. “This agreement with DataRobot adds a solid foundation to operationalize and scale these modules and those of our customers, providing incremental value across the energy industry space. This collaborative innovation is aligned with our promise of delivering open and flexible digital platforms to our users.”
David Russell, DataRobot’s senior vice president of North America sales, said, “AI is already having incredible impact driving efficiency and optimization in the energy industry, and it’s exciting to see the massive potential for even more transformative impact in the future. DataRobot is uniquely positioned to address challenges facing the industry today, and we’re thrilled to collaborate with a leader like Weatherford to accelerate their delivery of AI-enabled solutions and gain the most value from data.”