Emerson and QRI to deliver AI-based analytics to the global oil and gas industry
Technology agreement will offer solutions to optimize reservoir management
Emerson and Quantum Reservoir Impact ( ) have teamed up to develop and market next-generation applications for artificial intelligence (AI)-based analytics and decision-making tools customized for oil and gas exploration and production (E&P).
Together, the two E&P software industry leaders will help oil and gas customers embrace digital transformation technologies and harness vast amounts of data to optimize their reservoir management strategies.
The collaboration combines the power of Emerson's global reach and the world's largest independentwith QRI's leading industry expertise in applying augmented AI, machine learning and advanced analytics for asset and reservoir management.
"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 maximize production and capital efficiency and for better reserve assessment."
As part of the ongoing collaboration, the companies will apply advanced 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."
More from Industry News
Industries such as construction, mining, energy, utilities and forestry, face many challenges when it comes to tracking assets and employees. Equipment often has to be transferred between locations, or monitored while it is dormant during off seasons. Lone workers may have to travel long distances or visit multiple sites during the course of their activities. And, all of this is further complicated today with shifting supply chains and economic realities putting further strain on the bottom line.