Reservoir Management AI-Based Analytics for the Global Oil and Gas Industry
Emerson and Quantum Reservoir Impact (QRI) have recently announced that they have teamed up to develop and market next-generation applications for artificial intelligence (AI)-based analytics and decision-making tools customised for oil and gas exploration and production (E&P).
Together, the two E&P software industry leaders will help oil and gas customers embrace digital transformation technologies and harness vast amounts of data to optimise their reservoir management strategies.
The collaboration combines the power of Emerson’s global reach and the world’s largest independent E&P software portfolio with QRI’s leading industry expertise in applying augmented AI, machine learning and advanced analytics for asset and reservoir management.
The combination of Emerson technologies and deep E&P expertise in offshore, unconventional and mature fields results in a robust offering that can give customers a significant advantage in the marketplace, states Emerson. Collaborating with QRI enhances the firm’s capabilities to give customers meaningful analytics to maximise production and capital efficiency and for better reserve assessment.
As part of the ongoing collaboration, the companies will apply advanced computational technologies to help geoscientists and engineers make actionable and reliable field development decisions quickly, mitigating risks and leading to higher productivity and better performance.
People, process and data are as important as technology to the success of the solution. QRI’s partnership with Emerson makes for a very powerful team to ensure that its offerings will become a prominent choice in the market, adds QRI. As the industry continues to transform, QRI shares Emerson’s vision of applying state-of-the-art deep learning tools to automate next-generation workflows and offer its customers a rapid means of generating value.