QRI and Emerson partner on AI-based oil and gas E&P analytics – Hydrocarbons Technology

]]> Collaborating with QRI enables Emerson to enhance its capabilities in giving useful analytics to maximise production. Credit: Paul Lowry.

US-based companies Emerson and Quantum Reservoir Impact (QRI) have collaborated to develop applications for artificial intelligence (AI)-based analytics for oil and gas exploration and production (E&P).

The two companies will also develop and market decision-making tools for E&P analytics.

The collaboration aims to help oil and gas customers to harness data to optimise their reservoir management strategies.

It will also enable customers to enhance digital transformation technologies.

Emerson E&P software president Steve Santy said: Collaborating with QRI enhances our capabilities to give customers meaningful analytics to maximise production and capital efficiency and for better reserve assessment.

The partnership integrates Emersons E&P software portfolio with QRIs expertise in applying augmented AI, machine learning (ML) and advanced analytics for reservoir management.

Emerson and QRI will also apply advanced computational technologies to help geoscientists and engineers make actionable field development decisions to achieve higher productivity.

QRI chairman, CEO and co-founder Nansen Saleri said: 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.

As our industry continues to transform, we share Emersons 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.

In July, Emerson acquired Zedis software and automation businesses to help accelerate digital transformation in the oil and gas industry.

In March 2019, Emerson formed a strategic alliance with Repsol to provide advanced subsurface geophysical technologies to expedite production.

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QRI and Emerson partner on AI-based oil and gas E&P analytics - Hydrocarbons Technology