Emerson and Quantum Reservoir Impact have announced a team-up to develop and market the next-generation applications for AI-based analytics and decision-making tools for oil and gas exploration and production.
The collaboration combines the power of Emerson’s global reach and the world’s largest independent exploration and production software portfolio with Quantum’s leading industry expertise in applying augmented AI, machine learning and advanced analytics for asset and reservoir management.
Steve Santy, president for exploration and production (E&P) software at Emerson said: “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.
“Collaborating with Quantum 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 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,” added Dr Nansen Saleri, Quantum’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.”
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