• Sunday, July 14, 2024
businessday logo

BusinessDay

Shell to use new AI technology in deep-sea oil exploration

Nigeria regains top spot as Shell’s payout hits four-year high

Shell Plc (SHEL.L), will use AI-based technology from big-data analytics firm SparkCognition in its deepsea exploration and production to boost offshore oil output, the companies said on Wednesday.

SparkCognition’s AI algorithms will process and analyse large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the U.S. Gulf of Mexico.

Gabriel Guerra, Shell’s vice president of innovation and performance said, “We are committed to finding new and innovative ways to reinvent our exploration ways of working.”

“The goal is to improve operational efficiency and speed and increase production and success in exploration. The new process can shorten explorations to less than nine days from nine months,” he said.

Read also: NNPC’s renewed fight against oil heists gains momentum

Bruce Porter, chief science officer for Austin, Texas-based SparkCognition, said

“Generative AI for seismic imaging can positively disrupt the exploration process and has broad and far-reaching implications.”

“The technology would generate subsurface images using fewer seismic data scans than usual, helping with deep sea preservation,” the companies said.

Seismic technology sends sound waves to explore subsurface areas.