webvic-b

nybl and NOV to advance upstream production technologies

It is hoped the collaboration could points the way for future strategic collaborations in the Kingdom's energy sector. (Image source: Adobe Stock)

Technology

Saudi deep tech and AI pioneer nybl has announced a technology collaboration with US-based global energy company NOV, to enhance AI offerings to the oil & gas industry and advance upstream production technologies

nybl’s technology focuses on delivering real-time failure prediction, prescription, prevention and optimisation, increasing efficiency and reducing costs for critical industries. The collaboration will integrate nybl’s AI and analytics with NOV's Max Production suite within the Max Platform, providing real-time operational insights to optimise efficiency, predict equipment failures, and maximise production for oil and gas operators.

nybl founder & CEO Noor Alnahhas said “Energy drives every aspect of our lives, and by integrating nybl’s AI into NOV’s Max™ Production software suite, we are advancing the oil and gas industry with enhanced upstream production solutions. This collaboration is a testament to nybl’s vision of developing world-class technology in Saudi Arabia and exporting it globally. By bringing Saudi-born innovation to the US market, we are not only expanding nybl’s global footprint but also contributing to the Kingdom’s economic diversification and technological leadership in alignment with Saudi Vision 2030.”

Forward-thinking collaboration

Matt Gipson, senior vice president of NOV's Artificial Lift business unit added, "Working with nybl represents a forward-thinking collaboration that demonstrates the value of international collaboration in the tech domain. By integrating nybl technology with NOV’s Max Production software suite, we are empowering operators to optimise well production and equipment performance, resulting in greater returns throughout the life of their assets. Together, NOV and nybl are poised to set a new standard for innovation in upstream production optimisation technologies.”

According to the two companies, the alliance brings together the best of AI and platform solutions, and points the way for future strategic collaborations in the Kingdom's energy sector.

The collaboration was announced at the LEAP25 technology event in Riyadh, which reinforced Saudi Arabia’s position as a global hub for AI, cloud computing, and digital infrastructure investments, securing total investments exceeding US$14.9bn. At the event, Aramco's executive vice president of technology & innovation, Ahmad Al-Khowatier, spoke about the "limiteless opportunity" presented by the rapid developemnt of AI and big data, and how Aramco is driving AI adoption on an industrial scale.