To transform drilling efficiency across ADNOC fields
-
The AI Rate of Penetration (ROP) Optimization initiative aims to enhance drilling performance within ADNOC through cutting-edge artificial intelligence.
-
The project will employ AI-enabled solutions at targeted onshore and offshore fields, providing real-time recommendations for optimal drilling parameters.
Abu Dhabi, United Arab Emirates, December 5, 2024: AIQ, the Abu Dhabi-based AI champion developing innovative solutions for the energy sector, in collaboration with ADNOC, Baker Hughes, and CORVA, announces the launch of the AI Rate of Penetration (ROP) Optimization initiative, which aims to enhance drilling performance across ADNOC fields through cutting-edge artificial intelligence (AI).
The collaboration reinforces ADNOC’s commitment to digital transformation in the energy sector.
The AI-ROP Optimization Project will employ AI-enabled solutions at targeted onshore and offshore fields, providing real-time recommendations for optimal drilling parameters. The project aims to achieve improvements in operational efficiency, cost savings, and safety.
The AI-ROP Project brings together the expertise of AIQ, ADNOC, Baker Hughes, and CORVA to address a question central to the energy industry: how to best optimize drilling parameters in real-time to reduce time-to-depth? By training advanced AI on specialized reservoir and drilling datasets and leveraging historical drilling performance data, this collaboration will provide real-time input to the drilling engineer for optimizing Weight on Bit (WOB), Rotations Per Minute (RPM), and other critical parameters.
Sophie Hildebrand, Chief Technology Officer, ADNOC, commented, “The AI-ROP Optimization Project exemplifies ADNOC’s strategic approach to digital innovation. We are proud to collaborate with AIQ, Baker Hughes, and CORVA in this effort to enhance operational performance through AI and the leveraging of ADNOC’s unique data as we continue our journey to become the most AI-enabled energy company in the world.”
Magzhan Kenesbai, Acting Managing Director of AIQ, said, “This project marks a significant development in AIQ’s mission to collaborate with industry innovators to drive technological innovation in the energy sector. By working with ADNOC, Baker Hughes, and CORVA, we are bringing together the best minds in the industry to make drilling activities faster, safer, and more cost-effective.”
James P. Brady, Chief Digital Officer – Oilfield Services and Equipment, Baker Hughes, said, “Innovation is at the heart of our operations at Baker Hughes. We’re excited to collaborate with industry leaders ADNOC, AIQ, and CORVA to develop and deploy next-generation technologies to optimize drilling performance and make energy production more efficient and secure.”
Dharmesh Mehta, Executive Chairman of CORVA, added, “We are excited to join forces with AIQ, ADNOC, and Baker Hughes in being at the forefront of AI-powered ROP optimization. Together, we will leverage our strengths to develop cutting-edge technology that will transform drilling efficiency, reduce operational risks, and set a high standard in the energy industry. This collaboration showcases the power of innovation and our shared commitment to pushing the boundaries of what’s possible in drilling operations.”
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, The Mainstream formerly known as CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, The Mainstream formerly known as CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK
