PETRONAS, the global energy group, has joined forces with AIQ, an Abu Dhabi-based technology company, to drive the development of Artificial Intelligence (AI) solutions that can accelerate the energy transition and promote sustainability across the energy sector. The two companies signed a Memorandum of Understanding (MoU) to collaborate on digital innovation, knowledge sharing, joint product development, and capability development.
PETRONAS is renowned for its presence in over 100 countries and its commitment to delivering energy and solutions in a responsible and sustainable manner. The company seeks energy potential worldwide, optimizes value through its integrated business model, and embraces cleaner conventional and renewable resources. Sustainability lies at the core of PETRONAS’ operations as it harnesses energy to elevate and enrich lives.
AIQ, on the other hand, is a technology pioneer focused on driving the transformation of the industrial sector through AI. With a team of world-class data scientists and subject matter experts, AIQ has developed cutting-edge AI solutions and a groundbreaking data management platform. The company’s solutions utilize AI/ML, computer vision, and other advanced technologies to address specialized use cases and deliver value across various operational scenarios.
The collaboration between PETRONAS and AIQ will see both companies combine their expertise and deep understanding of the energy industry to pilot and test AI solutions. Their aim is to identify viable applications and use cases that can create value across multiple business verticals within the energy sector on a global scale. Additionally, PETRONAS and AIQ will develop best practices and frameworks to ensure commercial and operational excellence throughout their joint projects.
This partnership marks AIQ’s first venture in exporting its innovative AI solutions beyond the region. The company plans to expand global partnerships further to continue exporting its world-class technology and contribute to the digital transformation of the energy sector.
Aadrin Azly, Vice President of PETRONAS Group Technology and Commercialisation, expressed enthusiasm for the collaboration, stating that it aligned with PETRONAS’ AI Centre of Excellence’s objectives to transform operations, enhance employee skills, and improve productivity and effectiveness through AI. Omar Al Marzooqi, CEO of AIQ, emphasized the importance of such collaborations in addressing the challenges of climate change and ensuring that efficient digital solutions are available to all industry players.
In addition to working on AI solutions, PETRONAS and AIQ are committed to designing and implementing capability development initiatives to upskill their workforce. By investing in employee development, both companies aim to strengthen their capabilities and drive innovation in the energy sector.
The collaboration between PETRONAS and AIQ holds significant promise for advancing AI-driven advancements and sustainability within the global energy industry. By combining their strengths and expertise, these two companies aim to shape a more efficient and sustainable future for the sector.
