The research of the Oil Engineering and Development Company (MOTN) and Sahand Industrial University titled "From Data to Value: Optimizing Well Performance and Placement Using Artificial Intelligence; A Case Study in a Large Carbonate Oil Field in the Middle East" was selected as the outstanding project in the technology development section for small and medium-sized enterprises and academic institutions at the 25th World Petroleum Congress held in Riyadh.
Project Details
This project focuses on the application of artificial intelligence technologies in reservoir engineering, particularly in the Yadavaran field, examining the capacity for analyzing engineering data to optimize well performance and determine their suitable placement. The Yadavaran field, one of the large oil fields in Iran, with a daily production capacity of 50,000 barrels of oil, requires continuous optimization in the performance of its wells.
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The Importance of Applied Research
Saeed Saaviz, Head of Research and Development at the Oil Engineering and Development Company, highlighted the significance of this achievement, stating: "This success demonstrates the capacity of applied research and the use of modern technologies to address the complex challenges of the oil industry." He also added that the use of artificial intelligence and data analysis can enhance the quality of engineering decision-making, optimize well placement, and improve their performance assessment in complex carbonate reservoirs.
This project is particularly effective in the field of engineering data analysis and creating information-based solutions for optimizing well performance, potentially reducing the time and costs of oil extraction and contributing to increased productivity in this industry.
Linking Industry and Academia
The Head of Research and Development at MOTN also emphasized the importance of linking academic knowledge with the needs of the oil industry, stating: "The collaboration of this company with Sahand Industrial University is an example of the capacity for cooperation between industry and academia to develop technological solutions and utilize specialized knowledge in response to the needs of the oil industry."
Receiving this award at the 25th World Petroleum Congress reflects the attention of international specialized communities to artificial intelligence-based solutions and data-driven innovations in the energy sector. This success can serve as a model for other research and industrial projects in the country and contribute to sustainable development in the oil and gas industry.
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