SLB Announces Collaboration with Geminus AI
10 Janeiro 2024 - 11:00AM
Business Wire
First AI models built using physics-based simulation for
optimization of oil and gas operations
Regulatory News:
SLB (NYSE: SLB) today announced an investment and technology
partnership agreement with Geminus AI that will give SLB exclusive
access to deploy the first physics-informed artificial intelligence
(AI) model builder for oil and gas operations. The Geminus model
builder fuses physics-based approaches with process data to produce
highly accurate AI models that can be deployed at scale, far faster
and at much less cost than traditional AI approaches.
“The investment made by SLB in its partnership with Geminus AI
produces a step-change in operational performance for customers,
from production pipelines to facilities,“ said Rakesh Jaggi,
president, Digital and Integration, SLB. “Geminus’ capability to
fuse AI methods with physics-based simulation data will empower
customers to quickly and easily create hybrid models of their
operating assets that can be optimized in real time against
numerous outcomes, such as opex reduction, increased productivity,
and carbon emissions minimization.”
The Geminus platform uses novel, physics-informed AI computing
to translate constraints of the physical world inside digital
models. It requires only sparse data, and models are easily updated
with the infusion of new data points. Data scientists and modeling
engineers can use the platform to predict the behavior of complex
systems and make informed real-time decisions.
“We see our partnership with SLB as invaluable to helping us
unlock value for the energy sector,” said Greg Fallon, CEO, Geminus
AI. “With thousands of oil and gas processing facilities and
complex well networks held by hundreds of different customers,
SLB’s relationships and reach will help us deliver significant
efficiency and productivity increases for customers.”
In a customer use case, SLB delivered a Geminus hybrid AI-driven
application to optimize economic performance while reducing carbon
emissions at a natural gas plant. The application, created by
Geminus’ physics-informed AI solution, was trained by data from
SLB’s Symmetry™ process simulation software. It took just days to
create, including the underlying hybrid AI model, and has the
capability to evaluate 20,000 complex scenarios in under a tenth of
a second. The application enables operators to interactively
explore the impact of changing process settings on the plant’s
carbon footprint and yield. In other use cases, the technology has
vastly improved the efficiency of fluid catalytic crackers—the
heart of an oil refinery—and improved the performance of electric
submersible pumps and industrial wellsite chokes.
About SLB
SLB (NYSE: SLB) is a global technology company that drives
energy innovation for a balanced planet. With a global footprint in
more than 100 countries and employees representing almost twice as
many nationalities, we work each day on innovating oil and gas,
delivering digital at scale, decarbonizing industries, and
developing and scaling new energy systems that accelerate the
energy transition. Find out more at slb.com.
About Geminus AI
Born to pave the way for AI into the physical world, Geminus
uses cutting-edge AI techniques to drive innovative modeling for
optimizing and automating industrial systems in real-time. Learn
more at www.geminus.ai.
Cautionary Statement Regarding Forward-Looking
Statements: This press release contains “forward-looking
statements” within the meaning of the U.S. federal securities laws
— that is, statements about the future, not about past events. Such
statements often contain words such as “expect,” “may,” “can,”
“estimate,” “intend,” “anticipate,” “will,” “potential,”
“projected" and other similar words. Forward-looking statements
address matters that are, to varying degrees, uncertain, such as
forecasts or expectations regarding the deployment of, or
anticipated benefits of, SLB’s new technologies and partnerships;
statements about goals, plans and projections with respect to
sustainability and environmental matters; forecasts or expectations
regarding energy transition and global climate change; and
improvements in operating procedures and technology. These
statements are subject to risks and uncertainties, including, but
not limited to, the inability to achieve net-negative carbon
emissions goals; the inability to recognize intended benefits of
SLB’s strategies, initiatives or partnerships; legislative and
regulatory initiatives addressing environmental concerns, including
initiatives addressing the impact of global climate change; the
timing or receipt of regulatory approvals and permits; and other
risks and uncertainties detailed in SLB’s most recent Forms 10-K,
10-Q and 8-K filed with or furnished to the U.S. Securities and
Exchange Commission. If one or more of these or other risks or
uncertainties materialize (or the consequences of such a
development changes), or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those reflected
in our forward-looking statements. The forward-looking statements
speak only as of the date of this press release, and SLB disclaims
any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240109927652/en/
Media Moira Duff - Director of External Communications
Tel: +1 (713) 375-3407 Email: media@slb.com
Investors James R. McDonald – SVP of Investor Relations
and Industry Affairs Joy V. Domingo - Director of Investor
Relations Tel: +1 (713) 375-3535 Email:
investor-relations@slb.com
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