Schlumberger N.V. (SLB), a prominent energy giant, has partnered with NVIDIA Corporation (NVDA), a leading technology company, to develop groundbreaking generative AI solutions for the energy industry. This collaboration aims to revolutionize the sector by harnessing the power of AI to optimize operations, improve efficiency, and minimize environmental impact.
Schlumberger plans to focus on utilizing generative AI for subsurface exploration, production operations, and data management. The partnership will expedite the creation and implementation of industry-specific AI foundation models across Schlumberger’s global platforms, including its Delfi digital platform and Lumi data and AI platform. Schlumberger’s Lumi platform, designed specifically for the energy sector, transforms raw data from diverse sources into valuable insights.
“Our collaboration with NVIDIA will accelerate the creation of tailored generative AI solutions, enabling our customers to optimize operations, enhance efficiency and minimize their overall footprint,” stated Olivier Le Peuch, CEO of Schlumberger.
The partnership between Schlumberger and NVIDIA dates back to 2008, with a focus on pioneering applications of graphics processing units (GPUs). Now, with this latest agreement, Schlumberger will leverage NVIDIA NeMo, a component of the NVIDIA AI Enterprise software suite, to develop custom generative AI solutions. These solutions can be deployed in data centers, on any cloud, or at the edge.
“Custom models created by SLB leveraging NVIDIA NeMo will provide the industry’s scientists and engineers unprecedented insight to speed their work in optimizing the energy supplies today and unlocking the clean energy innovations of tomorrow,” remarked Jensen Huang, Founder and CEO of NVIDIA.
This initiative aims to fully harness the potential of generative AI for energy professionals, enabling them to generate greater value and reduce carbon emissions. According to a research report by Kings Research, the global Artificial Intelligence in Energy Market is projected to reach $46.188 billion by 2031, growing at a CAGR of 17.18% from 2024 to 2031. This rapid growth highlights the significant impact of Schlumberger and NVIDIA’s partnership in leveraging AI solutions for the energy sector.
In response to the news, SLB shares surged by 2.29% to $42.37 at the close of trading on Thursday, while NVDA shares increased by 4.66% to $118.71. This partnership signifies a major step forward in harnessing the power of AI to reshape the energy landscape and drive sustainable development.
