Advanced Analytics Solutions for the Oil and Gas Industry
AIQ, the Abu Dhabi National Oil Company’s (ADNOC) artificial intelligence (AI) joint venture with Group 42 (G42), and Baker Hughes, an energy technology company, announced today a strategic collaboration agreement to develop advanced analytics solutions for the global oil and gas industry. The announcement was made at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) and will see AIQ and Baker Hughes collaborate on the development and commercialization of AI products for improved efficiency of upstream oil and gas operations.
With drilling being a capital-intensive process, the initial project work will focus on developing AI solutions, analyzing drilling data and identifying opportunities for improved drilling trajectories and programs for ADNOC, utilizing existing Baker Hughes digital products. The project supports ADNOC’s plans to efficiently ramp up drilling activities as it boosts its crude production capacity to 5 million barrels per day by 2030 and enables gas self-sufficiency for the United Arab Emirates (UAE).
Information Source: Read More
Oil and gas, press , | Energy, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar
