Abu-Dhabi’s G42 signs agreement with AIQ and Schlumberger for AI solutions in oil and gas industry

AIQ, Schlumberger and Abu Dhabi-based tech company Group 42 (G42), have signed an agreement to collaborate on the development and deployment of artificial intelligence (AI), machine learning and data solutions for the oil and gas industry.

The three companies will leverage their combined domain knowledge in digital technology, high-performance computing and cloud storage capabilities to develop and commercialise market-leading AI products for the global upstream Exploration and Production (E&P) market.

AIQ data scientists, AI experts and software developers will work on developing and deploying AI modelling and supercomputing solutions using Schlumberger’s open cloud-based software platforms. The deployment will be hosted on G42’s cloud infrastructure.

“A secure, scalable and intelligent cloud infrastructure is an essential element of any digital transformation programme. G42’s world-class cloud will support AIQ and Schlumberger on their joint endeavour to make oil and gas organisations more intuitive, agile and effective,” said Mansoor Al Mansoori, chief operating officer at G42.

Schlumberger is a leading provider of technology and digital solutions for reservoir characterisation, drilling, production, and processing to the energy industry.

Recently, the Abu Dhabi National Oil Company (ADNOC) partnered with G42 to establish the new joint venture company – AIQ – which would focus on developing AI technologies for the oil and gas industry in the UAE.

Read: ADNOC and Group 42 launch new AI-focused company in Abu Dhabi

Earlier this month, sovereign investment company Mubadala acquired a minority stake in G42. Mubadala integrated its cloud and cyber security specialist firm, Injazat, and data centre solutions provider Khazna into G42.

Read: Mubadala acquires stake in Abu Dhabi-based AI specialist G42