AIQ teams up with QazaqGaz for AI reservoir, geological analysis
Abu Dhabi/ Astana, 7 hours, 42 minutes ago
AIQ, an Abu Dhabi-based artificial intelligence (AI) company, has entered a strategic collaboration agreement with Kazakhstan's national gas company, QazaqGaz, for the use of its Reservoir Performance Advisor (RPA) module from its Advanced Reservoir 360 (AR360) solution and the AI-based thin section interpretation application, RockInsight.
The RPA module, which provides a 75% efficiency gain in user productivity in performing comprehensive reservoir model reviews, will be democratised access to all reservoir model data to asset team members via a cloud dashboard.
QazaqGaz will also adopt RockInsight, AIQ's fully automated thin section interpretation application, which enables high-precision, consistent, and reproducible geological analysis in seconds.
The solution visualises every subsurface grain and pore in 3D, providing detailed geological insights that accelerate decision-making and support the creation of advanced 3D geological models.
The folder exchange ceremony was conducted between Dr Sultan Al Jaber, AIQ Chairman, and Sanzhar Zharkeshov, CEO of QazaqGaz in Astana.
Magzhan Kenesbai, Acting Managing Director, AIQ stated, “Our digital transformation and AI solutions are transforming operations across the energy value chain, making workstreams more efficient and safer, while helping to reduce emission intensity. This agreement with QazaqGaz allows AIQ to focus on a new geography and a new part of the energy mix, which is a significant development for us. Our RPA module brings truly formidable efficiency gains, and we look forward to its introduction into QazaqGaz’s operations, to drive maximum benefit with minimum environmental impact.”
Sanzhar Zharkeshov, CEO of QazaqGaz said, “It is becoming increasingly apparent that energy companies that do not adapt and deploy digital transformation initiatives will unlikely succeed into the long-term. We are keen to take full advantage of all the benefits that digitalisation and AI implementation can bring to our operations, and we believe AIQ, with its innovative portfolio of AI solutions such as RockInsight, AR360, and ENERGYai, is well-placed to support or efforts in this area.” -TradeArabia News Service
