By: ICN Bureau
Last updated : December 11, 2021 10:47 am
The agreement will provide Saudi Aramco engineers and subject matter experts with Seeq’s self-service analytics, predictive modeling data analytics, and visualization tools
Seeq Corporation, a provider of manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, has reached an agreement with Saudi Aramco to further expand its operational analytics strategy as part of the company’s ongoing digital transformation program.
The agreement will provide Saudi Aramco engineers and subject matter experts with Seeq’s self-service analytics, predictive modeling data analytics, and visualization tools. Aramco will use Seeq for following: Automating error detection in multi-phase measurements; Catalyst deactivation rate prediction; Coking prediction; Corrosion rate analysis; Automated monitoring of Oilfield Advanced Process Control; Fleet-wide asset monitoring; and Operationalizing predictive analytics models for sustainability insights.
"Seeq is empowering our engineers and subject matter experts with easy-to-use analytics tools to truly democratize data science. We see this as a key element for scaling operational analytics across the organization,” says Walid A. Al-Naeem, Manager of Process & Control Systems Department, Saudi Aramco.
"We are pleased to partner with Crucial Solutions & Services (CSS) to collaborate on Aramco’s industrial digitalization initiatives,” says Lisa Graham, CEO, Seeq.
"We will do this by leveraging big data, machine learning, and computer science innovations,” added Al-Naeem.
"Seeq will help Saudi Aramco reach new levels of process efficiency, production optimization, and interdisciplinary collaboration,” comments Sulaiman Alzuhair, General Manager and Founder of CSS.
Seeq recently announced closure of a US $50 million Series C funding round, led by global venture capital and private equity firm Insight Partners, including participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, and Aramco Ventures. The round brought Seeq’s total funding since inception in 2013 to approximately US $115 million.