Latest news with #OSDU
Yahoo
12-03-2025
- Business
- Yahoo
AIQ to implement AI solutions across ADNOC's upstream operations in $340m contract
AIQ, an AI company, has secured a $340m (Dh1.25bn) contract from Abu Dhabi National Oil Company (ADNOC) for the deployment of ENERGYai and associated AI solutions to enhance efficiency and precision across ADNOC's upstream operations. The three-year agreement marks the launch of the world's first large-scale agentic AI solution for the energy sector. It is part of ADNOC's strategy to emerge as a leading AI innovator in the energy sector and follows the completion of a trial phase. AIQ's ENERGYai leverages 70 years of proprietary data and expertise, integrating large language model (LLM) technology with agentic AI tailored for ADNOC's upstream workflows. The technology was developed in collaboration with ADNOC experts, G42 and Microsoft. It integrates advanced technologies including the Azure cloud stack, an agentic AI platform, the Open Subsurface Data Universe (OSDU) framework and OpenAI models. From seismic analysis to geological modelling and real-time process monitoring, ENERGYai is said to accelerate essential business processes, significantly reducing timelines. By streamlining operations, the technology also helps to lower costs and minimise emissions. ADNOC Upstream CEO Musabbeh Al Kaabi said: 'ADNOC is on a mission to become the world's most AI-enabled energy company, maximising the potential of AI to drive efficiency and value creation across our operations. 'We look forward to working with AIQ to scale ENERGYai across the upstream business, consolidating our position as a responsible and reliable supplier of energy to global markets, delivering the energy system of the future.' AIQ will implement ENERGYai across all ADNOC upstream assets, covering more than 28 producing fields including some of the world's 'largest and least' carbon-intensive oilfields, during the contract period. The implementation of ENERGYai is expected to transform the way engineers interact with ADNOC's proprietary data, fostering productivity and uncovering new insights. AIQ acting managing director Magzhan Kenesbai added: 'This contract marks a defining moment for AIQ. In partnership with ADNOC, we have developed a world-first agentic AI solution that is scalable across the entire energy value chain and has the potential to transform the industry as we know it. 'We are proud to see ENERGYai move from a successful proof-of-concept to full deployment, enabling ADNOC to unlock unparalleled efficiencies, reduce carbon intensity and advance their sustainability ambitions. This achievement reflects our commitment to delivering innovative, high-impact AI solutions that not only meet the challenges of today but also shape the future of energy.' The first operational and scalable version of ENERGYai is expected by mid-2025, featuring five fully functional AI agents managing key subsurface tasks. It will be test-deployed across multiple upstream assets, with plans to expand its application to thousands of additional wells. In October 2024, ADNOC implemented AIQ's Advanced Reservoir 360 solution across more than 30 reservoirs in its upstream operations. This technology enhances reservoir management and optimises field development planning for improved efficiency. "AIQ to implement AI solutions across ADNOC's upstream operations in $340m contract" 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
Gulf Business
11-03-2025
- Business
- Gulf Business
AIQ secures $340m contract to deploy agentic AI across ADNOC ops
Image: Supplied AIQ, a subsidiary of Presight, has secured a $340m contract from Abu Dhabi National Oil Company (ADNOC) to deploy its ENERGYai platform and associated AI solutions across ADNOC's upstream operations, marking one of the largest applications of agentic AI in the energy sector. The three-year contract follows the successful completion of a proof-of-concept phase and will see AIQ roll out ENERGYai to optimise ADNOC's upstream processes. The platform integrates large language models (LLM) with advanced agentic AI, enabling workflow automation across the company's upstream value chain, from seismic analysis to real-time process monitoring. Advancing ADNOC's AI strategy Musabbeh Al Kaabi, ADNOC's Upstream CEO, said the initiative aligns with the company's ambition to become the world's most AI-enabled energy firm. 'We look forward to working with AIQ to scale ENERGYai across our upstream business, consolidating our position as a responsible and reliable supplier of energy to global markets,' he said in a statement. ENERGYai allows engineers to interact with ADNOC's proprietary data using LLMs, enhancing efficiency and providing new insights. By accelerating processes and reducing operational costs, the AI-driven system is expected to contribute to ADNOC's broader digital transformation and sustainability goals. A milestone for AIQ Magzhan Kenesbai, acting MD of AIQ, described the contract as a 'defining moment' for the company. 'In partnership with ADNOC, we have developed a world-first agentic AI solution that is scalable across the energy value chain and has the potential to transform the industry. This deployment will unlock unparalleled efficiencies and support ADNOC's sustainability ambitions,' he said. Developed with input from ADNOC experts and in collaboration with G42 and Microsoft, ENERGYai leverages Azure cloud infrastructure, the Open Subsurface Data Universe (OSDU) framework, and OpenAI models. Thomas Pramotedham, CEO of Presight, The first operational version of ENERGYai is expected by mid-2025, initially covering five AI agents for subsurface operations. It will be test-deployed across several ADNOC upstream assets before expanding to more than 28 producing fields, including some of the world's largest and lowest-carbon oilfields. Read:
