BAKU, Azerbaijan, June 2. Artificial
intelligence (AI) has accelerated planning of new wells 6 times,
bp's Regional President for Azerbaijan, Georgia, and Türkiye, Gio
Cristofoli, said at a session on"Executive Talks: Leadership
Perspectives on Energy Transition and Future Strategies" within the
framework of Baku Energy Week, Trend reports.
"Previously, planning a new well took about 300 days, but as a
result of the implementation of AI solutions, we have reduced this
period to about 50 days," he explained.
According to him, the main condition for success in the energy
sector is deep cooperation. Without intergovernmental relations,
financial resources, advanced technologies, successful
implementation experience, and a strong supply chain, it is
impossible to implement large projects.
"All of these components do not exist in any company on their
own. Therefore, cooperation is of crucial importance. If I had to
choose one of the main reasons for Azerbaijan's success in the
energy sector, it would be cooperation," he said.
Cristofoli noted that in order to talk about future development,
it's first of all important to effectively manage existing assets.
In this regard, the Azeri-Chirag-Gunashli (ACG) field can be
considered a world-class example.
According to him, while the annual decline in production in
similar large fields is usually 5-6%, this indicator in ACG is
about 3%, which is one of the best international results.
The regional president emphasized that technologies play an
important role in achieving this. Currently, a large-scale 4D
seismic program is being implemented in ACG, which allows
monitoring fluid movement. This is one of the largest seismic
projects of BP.
According to Cristofoli, an AI company established in Azerbaijan
with the participation of bp, SOCAR, and other partners, processes
seismic data and improves their quality. This company is already
offering its services to international markets.
He noted that AI technologies are used not only for data
analysis, but also for optimizing operational processes.
"Previously, planning a new well took about 300 days, but as a
result of the application of artificial intelligence solutions, we
have reduced this period to about 50 days. This is a very serious
progress," he said.
Christofoli added that the joint application of geosteering,
horizontal drilling, and other modern technologies allows for more
accurate placement of wells and increased production
efficiency.
According to him, bp is developing the potential of the Azeri
Central East project, working on the integration of the "Karabakh"
structure with existing infrastructure, and implementing new
logistics solutions.
"All this convinces me that Baku is on the way to becoming a new
Houston and a new Aberdeen. Technologies, the right mindset, strong
partnerships, highly qualified human capital, and rich resources
are the basis of this potential," Christofoli emphasized.
