Quantum Reservoir Impact (QRI) Achieves AWS Energy Competency Status
Amazon Web Services • 11/29/2021
LAS VEGAS, NEVADA (November 29, 2021) – QRI, an artificial intelligence solutions provider for the upstream oil and gas industry, announced today that it has achieved Amazon Web Services, Inc. (AWS) Energy Competency status. This designation recognizes that QRI has demonstrated deep expertise helping customers leverage AWS cloud technology to transform complex systems and accelerate the transition to a sustainable energy future.
Achieving the AWS Energy Competency differentiates QRI as an AWS Partner with deep expertise and technical proficiency within this unique industry, including proven customer success developing solutions across the value chain, from production operations and optimization, to commodities trading, new energy solutions, and more. To receive the designation, AWS Partners undergo a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency provides energy customers the ability to more easily select skilled Partners to help accelerate their digital transformations with confidence.
“QRI is proud to achieve AWS Energy Competency designation,” said Dr. Nansen G. Saleri, Chairman and CEO at QRI. “The real fun is ahead – helping our clients to soar to higher altitudes of efficiency leveraging the agility and innovation of AWS’s technologies.”
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
Quantum Reservoir Impact (QRI) was founded in 2007 with a goal to create lasting value for upstream oil & gas customers, helping them realize increases in production, reserves appreciation and capital efficiency. Today, QRI is leading the industry by applying augmented artificial intelligence (AI) and machine learning (ML) to automate fresh, new, hyper-efficient designs of complex workflows. QRI technologies provide the valuable ability to harness vast amounts of data using the power of intelligent automation, making it available for oil and gas portfolio assessment, evaluation for Mergers & Acquisitions and Acquisitions & Divestitures, and for optimizing reservoir management strategies. QRI technologies have been used by oil & gas operators, banks, and investment groups, and QRI has worked with some of the largest national oil companies in the world.
QRI’s AI-based cloud-enabled technologies are designed to help oil and gas operators implement a practical digitalization strategy in the areas of reservoir management and field development planning.
SpeedWise® ML (SML) is QRI’s enterprise ML solution for solving any universal oil and gas problem. SML is a web-based platform hosted on AWS and can be accessed from anywhere, empowering anyone in any size oil and gas company to conduct cutting-edge ML practices and predictive analytics. SML is an easy and economical way for asset teams to immediately begin deploying ML models to solve oil and gas problems.
“SML is as friendly, intuitive, and easy to use as a video game, but at the same time it is so powerful that it is shedding light on problems that we have never known how to solve,” said Jorge Molinero, Deputy Managing Director at Amphos21
SpeedWise® Reservoir Opportunity (SRO) is built upon advanced AI/ML algorithms that are applied to multidisciplinary datasets. The technology streamlines multiple complex geological and engineering workflows, such as bypassed pay identification, drainage analysis, production forecast, and others. SRO enables asset teams to instill better reservoir management practices and create a data-centric organization by breaking down functional silos.
“I was impressed by the quality of the work, as a large amount of data was analyzed in a very short time period. SRO is a good methodology for giving you more details of the field that could have been overlooked using other software,” Said Senior Asset Geologist from a major national oil company.