Fareed Alhashmi, the CEO of Dragon Oil in Egypt and Iraq, has announced that his company started to study developing Morgan and Badri fields by using artificial intelligence (AI) technology.

This aligns with the directions of the Minister of Petroleum and Mineral Resources Karim Badawi towards increasing the use of digital technology especially artificial intelligence to raise the production rates, get benefit from the old wells and brownfields as well as open new horizons for developing these fields through drilling new wells and improving strategies for recovering oil reserves through water injection operations.

The study is the first of its kind in the Gulf of Suez region and in Egypt. The project is a quantum leap in the use of advanced technology in the management of oil fields in the Gulf of Suez region, Alhashmi explained.

It provides new opportunities to improve the recovery of oil reserves from the field and ensure continuity of production, which enhances the ability to operate and the vision of sustainability in the petroleum industry in the Egyptian market, Alhashmi said.

This project is expected to boost production, effectively extending the life of the Morgan and Badri fields, in addition to improving the efficiency of operations and environmental sustainability, the CEO elaborated.

After the launch of the projects, a training program will start for four days given to more than 50 engineers working in the Egyptian petroleum sector. 

Dragon Oil, owned by the UAE’s government, is considered one of the top international companies operating in the Middle East which expanded in using AI technology within the petroleum industry. This is in line with the UAE’s strategy to become a leader in the use of AI in the region by 2031.