Two UAE-headquartered companies, artificial intelligence (AI) pioneer nybl and Space42, which describes itself as an AI-powered spacetech company with a global reach, have unveiled what they call a first-of-its-kind satellite-enabled AI solution for oil and gas companies that, they say, will optimise oil wells’ efficiency and productivity.
The new solution, the first outcome of the partnership between nybl and Space42’s satellite mobility arm Thuraya under the Yahsat Space Services business division, is focused on developing AI-powered satellite communications solutions.
This collaboration also allows Thuraya to deliver these capabilities to its customers through the nybl AI platform, n.lift. The agreement supports nybl’s strategic growth plan while aligning with Space42’s vision to leverage spacetech for diverse industries by utilising advanced geospatial and satellite technologies and AI to drive innovation and efficiency across various sectors.
The certification, conducted over a six-month period on 27 oil wells using the Thuraya satellite network, successfully implemented a specialised AI module for the oil and gas sector.
This Thuraya AI-powered solution can accurately predict potential failures of electrical submersible pumps, allowing oil and gas companies to address issues before they occur, reducing production downtime.
Based on the proof of concept, the solution provided real-time intelligence that can lower operational costs, extend the lifespan of pumps by 20 – 30%, increase production delivery of oil wells by 5% and run the operating wells more efficiently, predicting imminent, non-trending failures. It also improves efficient reservoir, energy and production management.
There appear to be no specifics relating to actual or potential customers for the new service, albeit the Middle East clearly has a strong presence in oil and gas.
We reported last year on the plans for a merger between Bayanat AI, a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company (Yahsat), a leading global satellite operator, that formed Space42. The merger was approved this April.
