AIQ, a technology pioneer focused on driving AI-powered transformation across industries, announced a partnership with Bayanat, an ADX-listed, AI-powered geospatial technology company, to develop a ground-breaking software application that will optimise and automate the processes involved in moving drilling rigs
The Rig Move Optimisation AI System by Bayanat, which has already completed a proof of concept, will revolutionise rig moves' complex logistics and operational challenges to increase efficiency, speed up processes and significantly reduce carbon emissions.
The platform utilises advanced analytics to streamline rig movement operations through AI-enabled route optimisation and coordinate the movement of assets, including rigs, personnel, and equipment, across multiple drilling sites. By automating the scheduling process, the software will provide real-time updates on rig availability and maintenance, resource allocation, and conflicts improving overall efficiency. A key feature of the software solution is its ability to facilitate collaboration within day-to-day business operations and reduce the total distance covered for every rig move. The reduction will have a direct estimated impact on total carbon emissions for the entire fleet of rigs.
“The UAE has been making major strides within the space of AI technology. AIQ is proud to be working alongside Bayanat in the development of an AI software solution that can positively disrupt a core industry and further contribute to the UAE’s AI 2031 Vision. The combination of our AI expertise with Bayanat’s geospatial intelligence will transform logistical operations across the energy sector, drive efficiency and reduce overall emissions,” said Omar Al Marzooqi, CEO of AIQ.
“We are excited to embark on this collaboration with AIQ. Through this partnership, we aim to revolutionise the oil and gas industry by streamlining complex logistics processes, minimising downtime, and significantly enhancing rig move efficiency. Our joint efforts will pave the way towards a more sustainable future for the sector as we drive innovation and deliver cutting-edge solutions," said Hasan Al Hosani, managing director, Bayanat.
Implementing the Rig Move project will involve the development of a custom software solution that integrates seamlessly with existing systems and provides a reporting and analytics module that includes comprehensive data analysis and visualisation tools. The solution’s architecture includes components such as the pathfinder module, analytics module, scheduling algorithms, and reporting modules with real-time update features to make informed decisions and respond to changes quickly.
AIQ and Bayanat are committed to delivering state-of-the-art software that simplifies the rig move process, reduces downtime, and increases productivity for oil and gas companies. With the partnership’s combined expertise, AIQ and Bayanat aim to revolutionise the industry and drive sustainable practices into the upstream business's most capital and carbon-intensive part. AIQ is actively looking to expand its partner ecosystem to further develop AI solutions that can drive efficiency, reduce emissions, and accelerate the digital transformation of industries.