AIQ's $340 Million Contract with ADNOC for AI Solutions
AIQ Secures $340 Million Contract with ADNOC
AIQ has recently announced a major achievement with the securing of a $340 million contract with ADNOC. This contract marks a significant milestone for AIQ, reinforcing its status as a leading provider of AI solutions in the energy sector. The partnership aims to deploy the innovative ENERGYai technology across ADNOC's upstream operations, emphasizing the commitment to enhancing optimization and operational efficiency.
Revolutionizing the Energy Sector with AI
Through this collaboration, AIQ will roll out its groundbreaking agentic AI solution, ENERGYai, which stands as the world's first large-scale deployment tailored for the energy industry. The successful completion of the trial phase has set the stage for this deployment, allowing ADNOC to harness the full potential of AI-driven technologies in their operations.
Efficiency and Optimization
ENERGYai is poised to revolutionize conventional energy workflows by expediting critical processes like seismic analysis and geological modeling. This technology promises to reduce the time needed for vital business processes from months to mere days, ultimately minimizing costs and emissions.
ADNOC's Vision for AI
During recent discussions, Musabbeh Al Kaabi, ADNOC's Upstream CEO, articulated the vision to make ADNOC the most AI-enabled energy company globally. Al Kaabi expressed excitement about the partnership with AIQ, which is expected to amplify the efficiencies across upstream operations while maintaining ADNOC's role as a reliable energy supplier to global markets.
Unlocking New Opportunities
A key feature of ENERGYai involves the integration of large language models, enabling engineers to interact seamlessly with ADNOC's proprietary data. This interactivity is anticipated to enhance individual productivity and uncover fresh insights and business opportunities.
Transformational Impact of ENERGYai
Magzhan Kenesbai, Acting Managing Director of AIQ, emphasized the significance of this contract as a transformative moment for the company. The collaboration has led to the development of a fully scalable agentic AI solution. This breakthrough is expected to reduce carbon footprint and assist ADNOC in meeting its sustainability goals.
ENERGYai is not just a technological advancement; it's a strategic tool designed to shape the future of the energy sector by improving efficiency and fostering sustainability.
The AIQ team, in partnership with ADNOC experts and supported by G42 and Microsoft, has engineered this cutting-edge solution utilizing a mighty combination of tools, including Azure cloud technology and the OpenAI models.
Future Prospects for AI in Energy
Thomas Pramotedham, CEO of Presight, shared his pride in AIQ's recent accomplishments, highlighting the importance of integrating agentic AI into the industry. The operational, scalable version of ENERGYai is anticipated to launch by mid-2025, featuring five AI agents dedicated to subsurface task optimization.
Scaling Up Achievements
As the contract unfolds over the next three years, AIQ plans to extend the rollout of ENERGYai across all ADNOC upstream assets, which include over 28 producing fields. This ambitious scaling will include some of the largest and most efficient oil fields globally.
About AIQ
AIQ is an innovative technology leader committed to driving AI advancements within the energy sector. Based in Abu Dhabi, the company's solutions focus on improving operational efficiency, safeguarding assets, and helping clients achieve sustainability targets. AIQ actively contributes to the UAE's vision of becoming a global leader in AI by 2031, playing a pivotal role in the local and global energy AI ecosystem.
Frequently Asked Questions
What is the significance of the $340 million contract?
This contract represents a major achievement for AIQ and aims to deploy advanced AI solutions across ADNOC's upstream operations, boosting efficiencies.
What technology does ENERGYai utilize?
ENERGYai leverages agentic AI and large language models to enhance traditional workflows in the energy sector.
How will this technology impact ADNOC's operations?
The deployment of ENERGYai is expected to reduce operational timelines significantly, improving overall efficiency and minimizing costs.
Who are the partners involved in developing ENERGYai?
AIQ has collaborated with ADNOC experts, alongside technological support from G42 and Microsoft, to develop the ENERGYai solution.
What is AIQ's mission in the energy sector?
AIQ aims to accelerate AI-driven advancements in the energy industry, focusing on sustainability and operational efficiency.
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