AIQ, an Abu Dhabi-based technology company, and PETRONAS have signed a Memorandum of Understanding (MoU) to share experiences in building Artificial Intelligence (AI) solutions that may potentially accelerate the energy transition and drive sustainability across energy operations.
AIQ is a technology pioneer focused on driving the transformation of the industrial sector powered by artificial intelligence (AI).
The MoU was signed by PETRONAS Head of Data Science, Dr Sambasivam Rajamani, and AIQ Chief Technology Officer, Saravan Kumar Penubarthi; and witnessed by PETRONAS Vice President of Group Technology and Commercialisation, Aadrin Azly and AIQ Senior Vice President of Commercial and Business Development, Dr Ahmed Salem.
PETRONAS and AIQ will leverage their deep understanding of the energy industry to collaborate on digital innovation through knowledge sharing, value creation, joint product development and commercialization, capability development and engineering.
As part of the collaboration, the two parties will work together to pilot and test AI solutions to discover viable applications and use cases that can create value across multiple business verticals in the energy sector on a global scale. PETRONAS and AIQ will also develop AI and Advanced Analytics best practices and frameworks to ensure commercial and operational excellence throughout their joint projects.
This collaboration with PETRONAS is considered AIQ’s first venture in exporting its innovative cutting-edge AI solutions outside the region. AIQ plans to increasingly expand its global partnerships to continue to export its world-class technology.
"We look forward to partnering with AIQ to co-create and leverage each other's capabilities as we continue to transform our operations, enrich the skills of our employees and boost organisational productivity and effectiveness with AI. It is aligned to what we want to achieve through our AI Centre of Excellence (AI CoE),” said Aadrin Azly, Vice President of PETRONAS Group Technology and Commercialisation.
“AIQ is proud to form strategic partnerships with key industry leaders such as PETRONAS, which both accelerates the digital transformation of the Energy sector and steers it towards progressing to a more sustainable future. The challenges and perplexities of climate change call for smart and efficient solutions for the industry, and such collaborations ensure that world-class, efficient digital solutions are available for all industry players to benefit from,” said Omar Al Marzooqi, CEO of AIQ.
Besides working on AI solutions, PETRONAS and AIQ will design and roll out capability development initiatives to upskill their workforce.
About PETRONAS
PETRONAS is a dynamic global energy group with presence in over 100 countries. The Group produces and delivers energy and solutions that power society’s progress in a responsible and sustainable manner.
PETRONAS seeks energy potential across the globe, optimising value through its integrated business model. Its Group portfolio includes cleaner conventional and renewable resources and a ready range of advanced products and adaptive solutions.
Sustainability is at the core of what the Group does, as it harnesses the good in energy to elevate and enrich lives. People are its strength and partners for growth, driving passion for innovation to progress towards the future of energy sustainability.
About AIQ
AIQ is an Abu Dhabi-based technology pioneer focused on leveraging data to drive AI-powered transformation of the Energy sector towards a more sustainable future. Formed as a joint venture between global energy company ADNOC and UAE AI specialist G42, AIQ is innovating AI and ML solutions that unlock value across the entire Energy sector. Leveraging ADNOC’s valuable industry knowledge and G42’s AI capabilities, AIQ’s growing team of world class data scientists and subject matter experts have developed a breakthrough data management platform, E-Novus, and a dedicated suite of applications - Drill-Novus, Geo-Novus, Opti-Novus and Eco-Novus - that are enabling oil and gas companies to create sustainable, data-driven digital transformation and to make smarter, safer and more informed decisions.
AIQ actively contributes to the realization of the UAE’s vision to be the world leader in AI by 2031, cementing Abu Dhabi and the UAE’s position as a global hub for AI and Advanced Technologies and aligning with national strategies aimed at digital transformation and sustainability.
