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).

Machine Learning in Petroleum Geoscience: Constructing EarthNET

Our approach to developing more efficient and precise analytical techniques is based on artificial intelligence (AI) and machine learning (ML) technology; i.e. algorithms that can learn and make predictions directly from data.

A Bit More