05 Dec
AI Rate of Penetration (ROP) Optimization initiative aims to enhance drilling performance within ADNOC through cutting-edge artificial intelligence
Project will employ AI-enabled solutions at targeted onshore and offshore fields, providing real-time recommendations for optimal drilling parameters
Abu Dhabi, UAE – 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, announce 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.”