Shell PLC has reportedly collaborated with big-data analytics firm SparkCognition to use AI technology in deep-sea exploration.
The company will use SparkCognition capabilities to identify new oil reservoirs by analyzing vast seismic data, reported Reuters.
The technology is expected to boost operational efficiency and production via reducing explorations to below nine days from nine months.
"We are committed to finding new and innovative ways to reinvent our exploration ways of working," the report quoted Gabriel Guerra, Shell's of innovation and performance.
7 replies (most recent on top)
It's been more than 9 days. Has Gabe found us a new oil field yet? (9 months to 9 days comment in article).
One of the worst characteristics of our leadership is how easily they are duped by middle management telling them what they want to hear.
AI = more layoffs, but not necessarily more oil.
AI = jumping on a fad bandwagon. Embarrassing. This is SOOO 1999.
Good for Shell. Why not test this technology versus a bunch of phd’s sitting in India. AI will ultimately be better in this field. Sorry for those who went to college in this area
"We are committed to finding new and innovative ways to reinvent our exploration ways of working,"
I am so sick of hearing management talk about 'new ways of working'.... all we do is waste money and lay people off to mask the problems...
Total nonsense
Theranos-y.
Does this fancy new AI software expedite iteration after iteration of managerial DRB’s? If not, then this won’t save any time at all.