Kazmunaygas, Honeywell Discuss Expanding Technology Partnership
According to the information, the parties discussed expanding their partnership in the areas of technology licensing, industrial automation, and the implementation of artificial intelligence (AI)-based solutions.
The companies are reportedly actively collaborating on the implementation of modern technologies, including digital systems that ensure the reliable and safe operation of production facilities.
"In particular, automated process control systems (APCS), "autopilot" systems for controlling process units (APC - Advanced Process Control), computer simulator complexes, as well as an operational production management system MES (Manufacturing Execution System) and an equipment monitoring system (Asset Performance Management) are successfully operating at KMG plants," the company says.
The parties noted the success of their current collaboration and discussed the prospects for using industrial AI technologies to improve production efficiency. Particular attention was paid to predictive analytics systems that can forecast potential equipment failures. A pilot project in this area is already underway at the Atyrau Oil Refinery.
Following the talks, the company leaders confirmed their intention to intensify cooperation in key areas.
During the meeting, Askhat Khasenov said that KazMunayGas is consistently implementing digital technologies and artificial intelligence at its production facilities.
"KMG, together with its partners, will continue the digital transformation in the oil and gas industry," said the company's Chairman of the Management Board.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- NOVA Collective Invest Showcases Intelligent Trading System7.0 Iterations Led By Brady Rodriguez
- VCUK Launches New Private Equity And Venture Capital Initiative With A Focus On Europe
- From Zero To Crypto Hero In 25 Minutes: Changelly Introduces A Free Gamified Crash Course
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
- Cartesian Launches First Outsourced Middle-Back-Office Offering For Digital Asset Funds
- Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million As Exchange Demo Launches
Comments
No comment