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Emerson, QRI to develop artificial intelligence tools for oil and gas industry

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Emerson has teamed up with Quantum Reservoir Impact (QRI) to develop and market next-generation applications for artificial intelligence (AI)-based analytics and decision-making tools for oil and gas exploration and production (E&P).

Together, they will help oil and gas customers embrace digital transformation technologies and harness vast amounts of data to 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.”

Under the partnership, the companies will apply advanced computational technologies to help geoscientists and engineers make reliable field development decisions quickly, mitigating risks and resulting in increased productivity and performance.

“People, process and data are as important as technology to the success of the solution,” added Dr. Nansen Saleri, QRI’s chairman, CEO and co-founder. “Our partnership with Emerson makes for a very powerful team to ensure that our offerings will become a prominent choice in the market. 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.”