ADNOC and Baker Hughes create AI joint venture
ABU DHABI, November 22, 2021 – AIQ has agreed to collaborate with Baker Hughes to create artificial intelligence technology for drilling operations, the AI arm of Abu Dhabi National Oil Company announced on Thursday.
The project will use Baker Hughes’ artificial intelligence technology to analyse drilling data and improve drilling trajectories.
“AI plays an instrumental role in enabling smarter, more efficient and sustainable growth for energy producers such as ADNOC as well as the wider oil and gas industry, and AIQ is focused on accelerating the development of new AI solutions that can unlock greater value for the industry as the energy transition unfolds,” said Omar Al Marzooqi, CEO of AIQ.
The move supports ADNOC’s plan to boost production capacity to 5 million bopd by 2030.