The SAP S/4HANA Cloud platform is designed to help oil and gas companies to reduce operational and ownership costs. 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 Emerson’s E&P software portfolio with QRI’s expertise in applying augmented AI, machine learning (ML) and advanced analytics for reservoir management.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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 Emerson’s 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 Zedi’s 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.