Shell Will Use AI Technology to Reduce Time and Cost of Offshore Oil Exploration

In Partnership With SparkCognition, Shell Will Use AI Technology to Optimize Its Offshore Exploration Processes. The Goal Is to Ensure Faster Production of Offshore Oil.

Last Wednesday, (05/17), the multinational oil and natural gas company Shell announced another bold project for the global market. It has partnered with technology and information company SparkCognition to adopt Artificial Intelligence (AI) in its offshore production operations. The technology will optimize the collection of seismic data and the search for new fuel reserves, further modernizing the company’s activities.

In Partnership With SparkCognition, Shell’s New AI Technology Project Promises to Revolutionize Its Offshore Operations

Shell announced on Wednesday that it will use AI to enhance its offshore oil exploration and production.

The company is partnering with SparkCognition, a big data analytics firm, to develop an AI-powered system that can process and analyze large amounts of seismic data in search of new oil reserves.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

The new system is expected to significantly reduce the time and cost of the company’s offshore exploration.

Shell estimates that the AI system could cut the time needed to find a new oil field from nine months to less than nine days.

The system will also help Shell identify and develop smaller, harder-to-access oil reserves that would otherwise be too expensive to explore.

The use of AI in offshore oil exploration is a significant development that could revolutionize the sector.

AI has the potential to make offshore exploration more efficient, cost-effective, and environmentally friendly. By automating many of the tasks involved in exploration, it can also help reduce the environmental impact of oil production.

“We are committed to finding new and innovative ways to reinvent our exploration work processes,” commented Gabriel Guerra, Vice President of Innovation and Performance at Shell.

SparkCognition’s AI Technology Uses Subsurface Imaging to Optimize Offshore Oil Operations

Shell is not the only oil company exploring the use of AI for offshore exploration.

Other large oil companies are also developing systems with artificial intelligence for this purpose.

The use of AI in offshore oil exploration is likely to become increasingly widespread in the coming years.

The AI system that Shell and SparkCognition are developing will use a variety of techniques to process and analyze seismic data.

These techniques include automated subsurface imaging to provide more information about the seismic data of offshore regions.

The system will also be able to identify patterns in the data that would be difficult or impossible for humans to see. This will allow the technology to identify new oil reserves that would otherwise be missed.

In addition, this initiative allows Shell to automate many of the tasks involved in offshore exploration. These tasks include data analysis, interpretation, and reporting. This will free up human workers to focus on more complex tasks, such as decision-making and strategic planning.

“Generative AI for seismic imagery can positively disrupt the exploration process, with broad and far-reaching implications,” said Bruce Porter, Chief Scientist at SparkCognition.

The use of this type of technology is already becoming increasingly widespread in the global market, and now Shell plans to incorporate AI into its daily operations in offshore oil exploration.