{"id":9069,"date":"2023-12-12T12:09:03","date_gmt":"2023-12-12T12:09:03","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9069"},"modified":"2023-12-12T12:31:24","modified_gmt":"2023-12-12T12:31:24","slug":"iran-to-get-chinese-assistance-to-make-oil-and-gas-fields-ai-oriented","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9069\/","title":{"rendered":"Iran to get Chinese assistance to make oil and gas fields AI-oriented"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to \u201cdigitalise\u201d production in its oil and gas fields and make \u201cgreat reforms,\u201d the research and technology head of the National Iranian Oil (NIOC) said, as per a report by Mehr News Agency<\/em> on December 8.<\/p>\n

\u201cAI will be utilised in the whole value chain including exploration, drilling, production\u00a0and development,\u201d said Mehdi Motahhari.<\/p>\n

He added that based on the assessment of the Chinese partners the project would result in a \u201c20% improvement in efficiency.\u201d<\/p>\n

NIOC chief Mohsen Khojasteh-Mehr has already said that 15 oil and gas fields have to become AI-oriented to reduce production costs.<\/p>\n

AI processes would help \u201ccut expenses, improve efficiency\u00a0and maximise output\u201d in hydrocarbon fields, Motahhari said.<\/p>\n

Iran aims to ramp up oil production to more than 4.2mn barrels per day (bpd) by early 2029 under the Seventh Development Plan, a government-proposed bill that outlines major economic policies among other realms. The figure is almost 24% up from the current output level, which stands at 3.4mn bpd, according to the oil ministry.<\/p>\n

As per the development plan, natural gas output must surpass 1.2bn cubic metres per day from 773mn cubic metres\u00a0per day \u2013 an increase of more than 55%.<\/p>\n

\u201cIf we carry out production operations with our current methods, we will incur very huge expenses, and AI can save us hundreds of millions of dollars,\u201d Motahhari added.<\/p>\n

He said the NIOC had already started \u201csmall experiments\u201d for operations to use AI and had asked its subsidiaries to identify challenges related to exploration, drilling, development\u00a0and production that can be solved using such modern technologies.<\/p>\n

In mid-November, the NIOC signed a memorandum of understanding (MoU) with the Iranian Presidential Office\u2019s department for science, technology\u00a0and technology-based economy to set up \u201cthe strategic centre of AI and digital oil and gas fields.\u201d<\/p>\n

He expressed hope that an upcoming joint meeting with Chinese companies to smarten up oil and gas fields would be the beginning of making \u201cgreat reforms\u201d in the petroleum industry.<\/p>\n

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