/* ---- Google Analytics Code Below */

Monday, April 22, 2019

Decreasing Drilling Costs

Subsurface data is voluminous and complex.   So why not look at it to determine patterns of value?  AI today can be defined as looking for patterns of data that can be used to improve value in process.  Here is an excellent example.  Its not JUST about finding valuable things in patterns, its about finding better ways to make better use of them.   Less costly and more efficiently.   And putting in place a data collection and analysis method for future improvement.

Total Plans to Use Artificial Intelligence to Cut Drilling Costs in SupplychainBrain
Total SA plans to start a digital factory in the coming weeks to tap artificial intelligence in a bid to save hundreds of millions of dollars on exploration and production projects, according to an executive.

The use of artificial intelligence to screen geological data will help identify new prospects, and shorten the time to acquire licenses, drill and make discoveries, Arnaud Breuillac, head of E&P, said at a conference organized by IFP Energies Nouvelles in Paris on Friday. It will also help optimize the use of equipment and reduce maintenance costs, he said.

The digital factory will employ between 200 and 300 engineers and build on successful North Sea pilot projects, Chief Executive Officer Patrick Pouyanne said at the same event. It will also be a way to attract “young talent” to the industry.  .... "

No comments: