Space42 and nybl to collaborate on AI solution for oil and gas industry. Photo: Space42

Space42 wants to bring AI to the oil & gas (O&G) industry. It has teamed up with nybl, a science-based AI company, to launch a satellite-enabled AI solution for O&G companies aimed at optimizing oil well efficiency and productivity. Space42 announced the launch, Oct. 15.

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 certification, conducted over a six-month period on 27 oil wells using the Thuraya satellite network, implemented a specialized AI module for the O&G sector. This Thuraya AI-powered solution can accurately predict potential failures of electrical submersible pumps (ESP), allowing oil and gas companies to address issues before they occur, reducing production downtime.

“It is a clear testament to the opportunities this agreement with Thuraya brings, allowing us to leverage the strengths, synergies and core capabilities from both entities, creating a unique offering of transformative AI-powered solutions and global ambitions to across various industries. Our vision is to further advance UAE technological capabilities, in line with our long-term commitment to increasing local value and contribute to the economic and technological development of the region,” Noor Alnahhas, co-founder and CEO of nybl, said in a statement.