Industryweek 34775 022719 Ai Artificial Intelligence Worker Gears
Industryweek 34775 022719 Ai Artificial Intelligence Worker Gears
Industryweek 34775 022719 Ai Artificial Intelligence Worker Gears
Industryweek 34775 022719 Ai Artificial Intelligence Worker Gears
Industryweek 34775 022719 Ai Artificial Intelligence Worker Gears

Total Plans to Use Artificial Intelligence to Cut Drilling Costs

April 19, 2019
The use of AI to screen geological data will help identify new prospects, and shorten the time to acquire licenses, drill and make discoveries.

Total SA plans to start a digital factory in the coming weeks to tap artificial intelligence in a bid to save hundreds of millions of dollars on exploration and production projects, according to an executive.

The use of artificial intelligence to screen geological data will help identify new prospects, and shorten the time to acquire licenses, drill and make discoveries, Arnaud Breuillac, head of E&P, said at a conference organized by IFP Energies Nouvelles in Paris on Friday. It will also help optimize the use of equipment and reduce maintenance costs, he said.

The digital factory will employ between 200 and 300 engineers and build on successful North Sea pilot projects, Chief Executive Officer Patrick Pouyanne said at the same event. It will also be a way to attract “young talent” to the industry.

A year ago, Total and Alphabet Inc.’s Google signed an agreement to jointly develop artificial intelligence solutions applied to subsurface data analysis. The partnership has been “very successful,” Breuillac said.

While oil prices have partly recovered from a slump that started in 2015, big oil companies are keeping a tight rein on costs amid fear that a production glut, geopolitical tensions or an economic slowdown may sap demand.

By Francois de Beaupuy

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!