Artificial Intelligence-Assisted petroleum Geoscience Next Generation Exploration Technology
Large volumes of hydrocarbons (c. 2.9 GSm3 rec. o.e.; NPD 2016) remain to be found on the NCS. Finding and extracting these hydrocarbons is difficult (i.e. 187 exploration wells resulted in <10 commercial discoveries during the last five years) and expensive (i.e. 143 BNOK was invested in the 187 exploration wells that discovered only 224 MSm3 rec. o.e. in the last five years).