US-based companies Emerson and Quantum Reservoir Impact (QRI) have collaborated to develop applications for artificial intelligence (AI)-based analytics for oil and gas exploration and production (E&P).
The two companies will also develop and market decision-making tools for E&P analytics.
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The collaboration aims to help oil and gas customers to harness data to optimise their reservoir management strategies.
It will also enable customers to enhance digital transformation technologies.
Emerson E&P software president Steve Santy said: “Collaborating with QRI enhances our capabilities to give customers meaningful analytics to maximise production and capital efficiency and for better reserve assessment.”
The partnership integrates Emerson’s E&P software portfolio with QRI’s expertise in applying augmented AI, machine learning (ML) and advanced analytics for reservoir management.
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By GlobalDataEmerson and QRI will also apply advanced computational technologies to help geoscientists and engineers make actionable field development decisions to achieve higher productivity.
QRI chairman, CEO and co-founder Nansen Saleri said: “People, process and data are as important as technology to the success of the solution. Our partnership with Emerson makes for a very powerful team to ensure that our offerings will become a prominent choice in the market.
“As our industry continues to transform, we share Emerson’s vision of applying state-of-the-art deep learning tools to automate next-generation workflows and offer our customers a rapid means of generating value.”
In July, Emerson acquired Zedi’s software and automation businesses to help accelerate digital transformation in the oil and gas industry.
In March 2019, Emerson formed a strategic alliance with Repsol to provide advanced subsurface geophysical technologies to expedite production.
