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Emerson and Quantum Reservoir Impact (QRI) announced they have teamed up to develop and market next-generation applications for artificial intelligence (AI)-based analytics and decision-making tools customized 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 optimize their reservoir management strategies.
The collaboration combines Emerson’s global reach and the world’s largest independent E&P software portfolio with QRI’s expertise in applying augmented AI, machine learning and advanced analytics for asset and reservoir management.
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.