Quantico Energy Solutions, a provider of artificial intelligence (AI) solutions for the upstream oil and gas industry, has formed a strategic partnership with oilfield services company Target.
The partners intend to use their respective technology offerings to provide integrated data management, geoscience consulting and artificial intelligence solutions for the global oil and gas industry.
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The collaboration will enable Quantico’s customers to streamline the resources involved in large data-driven deployments.
Meanwhile, Target’s customers will have the ability to gain more valuable subsurface data through Quantico’s artificial intelligence capabilities.
Quantico Energy Solutions CEO Barry Zhang said: “Quantico continues to seek best-in-class solutions and partnerships that fit the needs of our customers worldwide.
“Target’s data management and geoscience consulting expertise will help us deliver an integrated artificial intelligence solution and also provide the in-country presence that major oil companies expect from their leading service providers.”
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By GlobalDataThe ability to access Quantico’s subsurface offerings through Target’s cloud-based MEERA platform will assist asset managers in their efforts to reduce logging-while-drilling (LWD) costs, improve drilling efficiencies and downscale seismic interpretations.
The integration will enable reductions in project set-up times and execution times.
Other potential benefits accruable to operators include simplified workflows with enhanced quality controls for data preparation, as well as improved AI integration with other subsurface projects.
Target digital transformation president Matthias Hartung said: “Quantico’s AI tools are an important addition to our technology partnership programme, bringing further innovative capabilities to our customers through the range of tools we offer within our platform.”
The AI-based solutions offered by Quantico cover areas such as geophysics, reservoir engineering, formation evaluation, drilling and completions.
