Latest news with #MagzhanKenesbai
Trade Arabia
13-05-2025
- Business
- Trade Arabia
AIQ expands footprint with AR360 deployment at KazMunayGaz
AIQ, an Abu Dhabi-based AI company, has partnered with KazMunayGaz to develop a Reservoir Performance Advisor (RPA) module from its Advanced Reservoir 360 (AR360) solution. AR360 is a predictive tool that increases user productivity by 75% in reservoir model reviews. The RPA module allows users to access machine learning and automation capabilities directly within their workflows. The collaboration was announced during a state visit by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to Kazakhstan, involving Magzhan Kenesbai, AIQ Acting Managing Director, and Askhat Khassenov, CEO of KazMunayGaz, Kazakhstan's national oil and gas operator, in Astana. The RPA module will be used by KazMunayGaz to enhance their reservoir model reviews. Magzhan Kenesbai, Acting Managing Director of AIQ stated, 'AR360 has already achieved impressive results within Adnoc operations, providing engineers with unmatched reservoir insights. The solution is deployed across dozens of Adnoc reservoirs, and we are eager to implement the solution in Kazakhstan, where KazMunayGaz will be able to rapidly begin to benefit from a 360-degree view of its reservoirs, drastically improving decision-making. Collaboration between the UAE and Kazakhstan is far-reaching and positive, and we are pleased to include this latest agreement to both our nation's pursuits of innovation for the benefit of industry and society.' -TradeArabia News Service
Trade Arabia
24-04-2025
- Business
- Trade Arabia
AIQ, Weatherford partner to boost energy efficiency
Abu Dhabi-based AI company AIQ and Weatherford have signed a strategic collaboration agreement to enhance energy production efficiency. The partnership will integrate Weatherford's advanced automation, data-driven insights, and AI technology with AIQ's AI-driven systems. This will enable operators to optimise production workflows, reduce downtime, and improve operational efficiency across global energy facilities. The collaboration aims to leverage advanced automation, data-driven insights, and AI technology. Magzhan Kenesbai, Acting Managing Director of AIQ said, 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are delivering greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimise their workflows, reduce downtime, and achieve unparalleled operational excellence.' Girish Saligram, President and Chief Executive Officer of Weatherford, commented, 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the energy industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' Key Highlights of the Strategic Partnership include: Modern Edge Integration: The partnership will combine AIQ's AI technology with Weatherford's Modern Edge, providing operators with the ability to scale their work processes efficiently while ensuring an economic return. This integration will empower customers to modernise their edge operations, facilitate autonomous production, and offer the flexibility to expand operations, all while optimising resource usage and reducing costs. Unified Data Model: Weatherford's Universal Normaliser will work in tandem with AIQ's capabilities to harmonise multi-asset data, combining operational and financial analysis into a unified, API-supported data model. This will drive smarter decision-making and streamline operations across facilities.
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
22-04-2025
- Business
- Zawya
AIQ and Weatherford sign strategic partnership to accelerate efficiency in energy production
ABU DHABI, UAE and HOUSTON, Texas — AIQ, the Abu Dhabi-based artificial intelligence (AI) champion developing innovative solutions for the energy sector, and Weatherford International plc (NASDAQ: WFRD) (Weatherford), today announced the signing of a strategic collaboration agreement to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to integrate Weatherford's world-class software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's robust AI-driven systems. By combining these advanced tools, AIQ and Weatherford will enable operators to optimize their production workflows, reduce downtime, and significantly enhance operational efficiency across global energy facilities. Magzhan Kenesbai, Acting Managing Director of AIQ said, 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are delivering greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimize their workflows, reduce downtime, and achieve unparalleled operational excellence.' Girish Saligram, President and Chief Executive Officer of Weatherford, commented, 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the energy industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximize their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernize their workflows and achieve greater success in today's rapidly evolving energy landscape.' Key Highlights of the Strategic Partnership include: Modern Edge Integration: The partnership will combine AIQ's AI technology with Weatherford's Modern Edge, providing operators with the ability to scale their work processes efficiently while ensuring an economic return. This integration will empower customers to modernize their edge operations, facilitate autonomous production, and offer the flexibility to expand operations, all while optimizing resource usage and reducing costs. Unified Data Model: Weatherford's Universal Normalizer will work in tandem with AIQ's capabilities to harmonize multi-asset data, combining operational and financial analysis into a unified, API-supported data model. This will drive smarter decision-making and streamline operations across facilities. WFRD Software Launchpad: Through the WFRD Software Launchpad, customers will gain the ability to procure all of their software needs via a comprehensive industrial SaaS platform. This eliminates the complexity of managing multiple systems and vendors, providing a single point of access for all Weatherford and partner-built applications, while ensuring data security and autonomy within their own network. By combining their strengths, AIQ and Weatherford will enable the energy sector to unlock unprecedented efficiencies, boost productivity, and reduce operational costs. This partnership is a significant step forward in the delivery of innovative solutions that empower operators to succeed in an increasingly competitive and data-driven industry. About AIQ AIQ is an innovative global technology pioneer based in Abu Dhabi, dedicated to accelerating AI-driven advancements within the Energy sector, propelling it towards a sustainable future. AIQ solutions improve performance and efficiency; protect personnel, assets, and operations; and enable customers to meet their sustainability goals. As a committed contributor to realizing the UAE's ambition to lead the world in AI by 2031, AIQ is playing a pivotal role in the AI ecosystem of Abu Dhabi, the UAE, and the global Energy sector. To find out more, visit: For media enquiries, please contact: About Weatherford Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 19,000 team members representing more than 110 nationalities and 330 operating locations. Visit for more information and connect with us on social media. Contacts For Investors: Luke Lemoine Senior Vice President, Corporate Development & Investor Relations For Media: Kelley Hughes Senior Director, Communications & Employee Engagement media@
