Schlumberger, one of the world’s largest oil services providers, has entered into a strategic agreement with AIQ and Group 42 (G42) to collaborate on the development of artificial intelligence (AI), machine learning, and data solutions for the oil and gas industry, according to a press release.
The tripartite agreement will see the companies combine their relevant skills to combine in the fields of digital technology, high-performance computing, and cloud storage capabilities. This will be utilized to develop and commercialize market-leading AI products for the global Upstream Exploration and Production (E&P) market.
Rajeev Sonthalia, President of Digital & Integration at Schlumberger, said: “Through this exciting collaboration, world-class data scientists, software engineers, and domain experts will work together on the development and provision of technical solutions and services to accelerate the development of AI solutions for the Upstream Exploration and Production market. Together, we will steer the development of a strategic partnership that can lead the way in digital innovation and transformation in the energy industry.”
The combined team will also cross-share relevant proprietary research technology and work to identify further pilot projects that have the potential to be commercialized in the global E&P market.