GUPCO and Partners Tap AI to Optimize Production

GUPCO and Partners Tap AI to Optimize Production

The Gulf of Suez Petroleum Company (GUPCO), in collaboration with the UAE’s Dragon Oil, organized a workshop on the optimal use of artificial intelligence (AI) applications in developing and enhancing production from brownfields.

The workshop aimed to maximize the benefits of AI technologies to increase production efficiency and achieve the highest possible productivity from mature fields. The workshop included a presentation by the American company Rosenxt on a current study being conducted by GUPCO to use AI applications in operational processes, with the aim of improving production efficiency, particularly in the Morgan and El Badri fields.

The presentation was based on a vast database of historical production records dating back to the 1960s. This immense wealth of information covers data from more than 400 wells, allowing for precise performance analysis and the identification of opportunities to improve and maximize production.

The workshop also featured a review of the main goals for applying AI, such as maximizing production from existing wells, identifying opportunities to drill new wells, and improving the efficiency of activities and operations to increase production rates.

At the end of the workshop, constructive discussions were held among the attendees about integrating artificial intelligence into the lifecycle of oil fields. The study is expected to be completed by the end of next month, with plans to apply its findings to the remaining producing fields over the next two years.

Rosenxt is a forward-thinking technology group with decades of engineering excellence. The company explores new and disruptive market opportunities, building ventures that serve customers operating critical infrastructure in harsh environments, such as subsea and offshore structures, industrial manufacturing, waterline infrastructures, and the energy upstream market.

Avatar photo

Sarah Samir 4111 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password