Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology.
The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems.
This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency.
Weatherford president and chief executive officer Girish Saligram commented: “We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs.
"By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today’s rapidly evolving energy landscape.”
By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns.
The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs.
The Universal Normaliser from Weatherford will work alongside AIQ’s systems to harmonise data from multiple assets.
This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations.
Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform.
AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications.
“This partnership marks another step in AIQ’s mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications."
Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.”
Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions.
This aims to boost efficiency and accuracy within ADNOC's upstream activities.
