ADNOC’s AI venture signs deal with Beyond Limits

AIQ, ADNOC’s Artificial Intelligence (AI) joint venture with Group 42, and Beyond Limits, an industrial and enterprise-grade AI technology company, signed a Memorandum of Understanding (MoU) to explore collaboration in the development of new AI solutions that accelerate energy transition for the oil and gas industry.

The partnership will support both companies’ innovation efforts in AI to empower organisations in the energy sector to boost performance, optimise operations and increase revenues. It will also see AIQ and Beyond Limits collaborate on advancing the commercialisation of AI in a way that delivers a positive impact across the oil and gas value chain.

The MoU was signed by Omar Al Marzooqi, CEO of AIQ and AJ Abdallat, CEO of Beyond Limits. AIQ and Beyond Limits will leverage each other’s regional and global footprints, technology portfolios and partnerships, to expand and scale on a global level.

Omar Al Marzooqi, CEO of AIQ said: “This collaboration will allow both companies to strengthen their portfolios of enterprise grade AI solutions for the energy industry. We truly believe that AIQ’s and Beyond Limits’ experiences in delivering tailor-made applications will accelerate digital transformation and energy transition in the UAE and beyond. We welcome Beyond Limits as our new partner and look forward to jointly deliver breakthrough cognitive AI solutions across the whole Oil & Gas value chain.”

AJ Abdallat, CEO of Beyond Limits, said: “We are very excited about this collaboration with AIQ, through which we will work to enable the wider oil and gas industry to become more agile and effective, through the use of AI. The new avenues of advanced technology we will explore together with AIQ will unlock efficiencies across the entire oil and gas value chain. We trust our collaboration will accelerate the development of new AI solutions that shall optimise processes, improve planning and increase profitability of oil and gas organisations.”

Kenneth Habson, managing director EMEA of Beyond Limits, said: “Research and development is a key priority for Beyond Limits in the region, as we look to stimulate innovation in AI, accelerate the adoption of advanced technologies and further digitise the value chain of the oil and gas industry to enhance efficiencies and performance. We align with AIQ to achieve these goals and believe our collaboration will create a solid platform to empower the commercialisation of AI and help raise awareness among decision makers of the value that AI brings to solving some of the most pressing challenges organisations face in the industry.”

Recently, Beyond Limits inaugurated its headquarters in Dubai, UAE, with an opening ceremony that marked the company’s expansion to Europe, Middle East and Africa (EMEA) region. The new office, located in Dubai Internet City, will act as a platform for the company to drive its operations in EMEA.

Read: Beyond Limits inaugurates regional headquarters in the UAE