Latest news with #OpenSubsurfaceDataUniverse
Al Etihad
12-03-2025
- Business
- Al Etihad
AIQ announces $340 million contract for large-scale deployment of agentic AI across ADNOC operations
10 Mar 2025 20:46 ABU DHABI (ALETIHAD)Building on the successful completion of a transformative proof-of-concept phase, AIQ – a Presight company – announced a landmark $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC's upstream value three-year contract will see ENERGYai and a suite of related AI solutions rolled out across ADNOC's upstream operations, driving optimisation and on 70 years of proprietary data and knowledge, ENERGYai combines large language model (LLM) technology with cutting-edge agentic AI, which is trained for specific workflows across ADNOC's upstream value brings a new level of efficiency and precision to critical tasks, from seismic analysis to geological modeling and real-time process monitoring, reducing time for essential business processes from months to days, minimising cost, and emissions in the Al Kaabi, ADNOC Upstream CEO, 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.'ENERGYai will use large language models to enable engineers to 'talk' to ADNOC's proprietary data, maximising individual productivity, delivering new insights and Kenesbai, Acting Managing Director, AIQ, said, '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 ENERGYaimove 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.'Developed by AIQ with ADNOC experts, in collaboration with G42 and Microsoft, ENERGYai will integrate best-in-class technologies, including Azure cloud stack, agentic AI platform functionality, Open Subsurface Data Universe framework (OSDU), and OpenAI Pramotedham, CEO of Presight, said, 'We congratulate AIQ on signing this landmark agreement with ADNOC. As the major shareholder of AIQ, we are incredibly proud to see this partnership come to life, and we remain committed to supporting AIQ's growth as it continues to drive innovation and create lasting value for the energy industry and our shareholders. "Agentic AI is widely recognised by experts as the future of AI development and integration. Here in the UAE, through Presight's collaboration with AIQ and ADNOC, we are not just predicting the future, we are creating it with applied intelligence today. ENERGYai is a world-leading solution that will set the benchmark for innovation and excellence in agentic AI."The first operational, scalable version of ENERGYai is expected to be completed in mid-2025. This version will include five fully operational AI agents covering tasks within subsurface operations and will be test-deployed across several upstream assets, with plans to scale its application to thousands of additional wells. Over the three-year contract term, AIQ will complete the roll out of ENERGYai to all ADNOC's upstream assets, comprising more than 28 producing fields, including some of the world's largest and least carbon intensive oilfields.
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
Trade Arabia
11-03-2025
- Business
- Trade Arabia
AIQ signs $340m deal with Adnoc for ENERGYai, AI solutions
AIQ, a Presight company, has signed a $340 million contract with Adnoc to deploy ENERGYai and AI solutions across Adnoc's upstream value chain, aiming to optimise and enhance efficiency in the three-year project. Built on 70 years of proprietary data and knowledge, ENERGYai combines large language model (LLM) technology with cutting-edge agentic AI, which is trained for specific workflows across Adnoc's upstream value chain. ENERGYai brings a new level of efficiency and precision to critical tasks, from seismic analysis to geological modeling and real-time process monitoring, reducing time for essential business processes from months to days, minimising cost, and emissions in the process. ENERGYai will use large language models to enable engineers to 'talk' to Adnoc's proprietary data, maximising individual productivity, delivering new insights and opportunities. Developed by AIQ with Adnoc experts, in collaboration with G42 and Microsoft, ENERGYai will integrate best-in-class technologies, including Azure cloud stack, agentic AI platform functionality, Open Subsurface Data Universe framework (OSDU), and OpenAI models. The first operational, scalable version of ENERGYai is expected to be completed in mid-2025. This version will include five fully operational AI agents covering tasks within subsurface operations and will be test-deployed across several upstream assets, with plans to scale its application to thousands of additional wells. Over the three-year contract term, AIQ will complete the roll out of ENERGYai to all Adnoc's upstream assets, comprising more than 28 producing fields, including some of the world's largest and least carbon intensive oilfields. Musabbeh Al Kaabi, Adnoc Upstream CEO, 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.' Magzhan Kenesbai, Acting Managing Director, AIQ said: '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 ENERGYaimove 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.' Thomas Pramotedham, CEO of Presight, said, 'We congratulate AIQ on signing this landmark agreement with Adnoc. As the major shareholder of AIQ, we are incredibly proud to see this partnership come to life, and we remain committed to supporting AIQ's growth as it continues to drive innovation and create lasting value for the energy industry and our shareholders. Agentic AI is widely recognised by experts as the future of AI development and integration. Here in the UAE, through Presight's collaboration with AIQ and Adnoc, we are not just predicting the future, we are creating it with applied intelligence today. ENERGYai is a world-leading solution that will set the benchmark for innovation and excellence in agentic AI." -TradeArabia News Service
ARN News Center
11-03-2025
- Business
- ARN News Center
ADNOC, AIQ sign $340M deal to deploy AI across upstream operations
ADNOC and AIQ, a Presight company, have signed an agreement worth $340 million (AED 1.2 trillion) to deploy ENERGYai and associated AI solutions across ADNOC's upstream value chain. The three-year contract will see ENERGYai and a suite of related AI solutions rolled out across ADNOC's upstream operations, driving optimisation and efficiency. ENERGYai combines large language model (LLM) technology with cutting-edge agentic AI, which is trained for specific workflows across ADNOC's upstream value chain. ENERGYai will use large language models to enable engineers to 'talk' to ADNOC's proprietary data, maximising individual productivity, delivering new insights and opportunities. The Acting Managing Director of AIQ, Magzhan Kenesbai, said, '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.' Developed by AIQ with ADNOC experts, in collaboration with G42 and Microsoft, ENERGYai will integrate best-in-class technologies, including Azure cloud stack, agentic AI platform functionality, Open Subsurface Data Universe framework (OSDU), and OpenAI models. The CEO of Presight, Thomas Pramotedham, said, 'We congratulate AIQ on signing the agreement with ADNOC. As the major shareholder of AIQ, we are incredibly proud to see this partnership come to life, and we remain committed to supporting AIQ's growth as it continues to drive innovation and create lasting value for the energy industry and our shareholders. "Agentic AI is widely recognised by experts as the future of AI development and integration. Here in the UAE, through Presight's collaboration with AIQ and ADNOC, we are not just predicting the future, we are creating it with applied intelligence today. ENERGYai is a world-leading solution that will set the benchmark for innovation and excellence in agentic AI." The first operational, scalable version of ENERGYai is expected to be completed in mid-2025. This version will include five fully operational AI agents covering tasks within subsurface operations and will be test-deployed across several upstream assets, with plans to scale its application to thousands of additional wells. Over the three-year contract term, AIQ will complete the roll out of ENERGYai to all ADNOC's upstream assets, comprising more than 28 producing fields, including some of the world's largest and least carbon intensive oilfields.
Dubai Eye
11-03-2025
- Business
- Dubai Eye
ADNOC, AIQ sign $340M deal to deploy AI across upstream operations
ADNOC and AIQ, a Presight company, have signed an agreement worth $340 million (AED 1.2 trillion) to deploy ENERGYai and associated AI solutions across ADNOC's upstream value chain. The three-year contract will see ENERGYai and a suite of related AI solutions rolled out across ADNOC's upstream operations, driving optimisation and efficiency. ENERGYai combines large language model (LLM) technology with cutting-edge agentic AI, which is trained for specific workflows across ADNOC's upstream value chain. ENERGYai will use large language models to enable engineers to 'talk' to ADNOC's proprietary data, maximising individual productivity, delivering new insights and opportunities. The Acting Managing Director of AIQ, Magzhan Kenesbai, said, '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.' Developed by AIQ with ADNOC experts, in collaboration with G42 and Microsoft, ENERGYai will integrate best-in-class technologies, including Azure cloud stack, agentic AI platform functionality, Open Subsurface Data Universe framework (OSDU), and OpenAI models. The CEO of Presight, Thomas Pramotedham, said, 'We congratulate AIQ on signing the agreement with ADNOC. As the major shareholder of AIQ, we are incredibly proud to see this partnership come to life, and we remain committed to supporting AIQ's growth as it continues to drive innovation and create lasting value for the energy industry and our shareholders. "Agentic AI is widely recognised by experts as the future of AI development and integration. Here in the UAE, through Presight's collaboration with AIQ and ADNOC, we are not just predicting the future, we are creating it with applied intelligence today. ENERGYai is a world-leading solution that will set the benchmark for innovation and excellence in agentic AI." The first operational, scalable version of ENERGYai is expected to be completed in mid-2025. This version will include five fully operational AI agents covering tasks within subsurface operations and will be test-deployed across several upstream assets, with plans to scale its application to thousands of additional wells. Over the three-year contract term, AIQ will complete the roll out of ENERGYai to all ADNOC's upstream assets, comprising more than 28 producing fields, including some of the world's largest and least carbon intensive oilfields.
