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Emerson, QRI AI Analytics for Oil, Gas E&P
- March 12, 2020
Industrial automation firm Emerson and oil and gas industry AI specialist Quantum Reservoir Impact are jointly developing new applications for AI-based analytics and decision-making tools for oil and gas exploration and production (E&P). The two companies aim to support oil and gas firms in their digital transformation efforts and help optimise their reservoir management strategies.
“The combination of our technologies and deep E&P expertise in offshore, unconventional and mature fields results in a robust offering that can give customers a significant advantage in the marketplace,” said Steve Santy, president for E&P software at Emerson. “Collaborating with QRI enhances our capabilities to give customers meaningful analytics to maximise production and capital efficiency and for better reserve assessment.”
As part of the ongoing collaboration, the companies will apply computational technologies to help geoscientists and engineers make actionable and reliable field development decisions quickly, mitigating risks and leading to higher productivity and better performance.
“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,” said Dr. Nansen Saleri, QRI’s chairman, CEO and co-founder. “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.”