LogIn LogOut

ADIPEC: Baker Hughes, AIQ to Create Analytics Solutions for Oil and Gas Industry

November 18, 2021

Credit: ADNOC
Credit: ADNOC

Oilfield services and energy tech firm Baker Hughes has entered a partnership with AIQ, an artificial intelligence JV between the Abu Dhabi National Oil Company's (ADNOC) with Group 42 (G42). The partners will collaborate to create 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, ADNOC said in a press statement Thursday.

According to ADNOC, the project with Baker Hughes supports its 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).

Omar Al Marzooqi, CEO of AIQ, said: “AI plays an instrumental role in enabling smarter, more efficient and sustainable growth for energy producers such as ADNOC as well as the wider oil and gas industry, and AIQ is focused on accelerating the development of new AI solutions that can unlock greater value for the industry as the energy transition unfolds. Baker Hughes is a long-term strategic partner of ADNOC and we are excited to work with them to unlock new opportunities to further advance our strategic objectives.”

Maria Claudia Borras, Executive Vice President of Oilfield Services at Baker Hughes, said: “Baker Hughes remains committed to helping our customers reach their own energy transition ambitions, and digital transformation has an important role to play. We are pleased that our agreement with AIQ not only builds on our longstanding partnership with ADNOC and ADNOC Drilling, but also provides us with the opportunity to develop, deploy, and commercialize solutions to transform core oil and gas operations for a better energy future.”

Launched in 2020, AIQ is working on several AI projects across the oil and gas value chain such as drilling performance, reservoir modeling, corrosion detection, and product quality.



Current News

DSME Orders GTT Tanks for MOL LNG Carrier Quartet

DSME Orders GTT Tanks for MOL LNG Carrier Quartet

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

China's SPIC Connects New Offshore Wind Farms to National Grid

China's SPIC Connects New Offshore Wind Farms to National Grid

Hi-Float: Hyundai Heavy Gets BV AiP for Floating Wind Turbine Foundation

Hi-Float: Hyundai Heavy Gets BV AiP for Floating Wind Turbine Foundation

Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Keppel, Ørsted in Offshore Substation Pact

Keppel, Ørsted in Offshore Substation Pact
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com