Weatherford Worldwide plc mentioned it has signed a strategic memorandum of understanding (MoU) with Abu Dhabi-based synthetic intelligence agency AIQ.
The collaboration goals to combine Weatherford’s software program and {hardware} options with AIQ’s AI-driven programs, Weatherford mentioned in a information launch. The mixture will allow operators to “optimize their manufacturing workflows, scale back downtime, and considerably improve operational effectivity throughout world oil and fuel amenities,” the corporate added.
Weatherford President and CEO Girish Saligram mentioned, “We’re excited to companion with AIQ to deliver revolutionary, AI-driven options to the oil and fuel trade. This strategic partnership permits us to ship cutting-edge applied sciences that empower our clients to maximise their operational effectivity, improve automation, and scale back prices. By combining our strengths, we’re main the way in which in serving to operators modernize their workflows and obtain higher success in right now’s quickly evolving vitality panorama”.
- Advertisement -
Magzhan Kenesbai, Performing Managing Director of AIQ, mentioned, “This partnership marks one other step in AIQ’s mission to construct partnerships that speed up the deployment of impactful AI programs throughout the vitality worth chain. By integrating our superior AI-driven instruments with Weatherford’s energy-specific know-how, we’re driving higher efficiencies to the trade by the event of scalable, automated purposes. Collectively, we’re set to empower operators to optimize their workflows, scale back downtime, and obtain unparalleled operational excellence”.
Additional, Weatherford’s Common Normalizer will work with AIQ’s capabilities to harmonize multi-asset information, combining operational and monetary evaluation right into a unified, API-supported information mannequin. The mixture will “drive smarter decision-making and streamline operations throughout amenities,” the corporate mentioned.
New CFO Named
In the meantime, Weatherford appointed Anuj Dhruv as Chief Monetary Officer of the corporate.
Saligram mentioned, “I’m happy to welcome Anuj to Weatherford. With contemporary perspective and confirmed experience, Anuj will improve our management crew and assist place Weatherford to guide confidently by the following section of our journey. His expertise throughout a number of industries and management roles in finance will assist form Weatherford’s give attention to delivering excessive returns for our shareholders. I wish to thank Arun Mitra for his contributions throughout his time with Weatherford and want him the very best for the long run”.
Based on a separate assertion, Dhruv brings greater than twenty years of various expertise in world finance, technique, and transformation roles throughout the know-how, vitality, and chemical substances industries. Most not too long ago, he served as vp of finance and technique for the International Olefins and Polyolefins section at LyondellBasell, the place he was liable for driving efficiency, funding methods, and transformation initiatives throughout a $29 billion income section. Dhruv’s background consists of strategic management at Schlumberger and Microsoft, with a observe report of optimizing monetary efficiency, main complicated transactions, and constructing high-performing groups, the corporate mentioned.
Weatherford describes itself as an organization delivering revolutionary vitality companies that combine confirmed applied sciences with superior digitalization to create sustainable. Based on the corporate, it conducts enterprise in roughly 75 nations and has roughly 19,000 crew members representing greater than 110 nationalities and 330 working places.
To contact the creator, e-mail rocky.teodoro@rigzone.com
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial evaluate. Off-topic, inappropriate or insulting feedback will probably be eliminated.
