Dragon Oil launches pilot project to develop Coral and Badri fields in the Gulf of Suez using artificial intelligence technology

Suez Egypt

Sallam Sallam 

In line with Dubai’s annual plan to accelerate the adoption of Artificial Intelligence applications launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, and in accordance with the UAE’s strategic vision to become a leader in Artificial Intelligence technology in the region by 2031, showcasing its leadership role in the energy sector regionally and providing the best environment for AI companies and global talents.

Under the directives of CEO Engineer Ali Rashid Al Jarwan, Dragon Oil, fully owned by the Government of Dubai, has inaugurated the AI Retreat to study the development of the Morgan and Badri fields using AI technology in Egypt. The opening ceremony was attended by Mr. Fareed Al Hashmi, Chief Operating Officer (Egypt and Iraq), along with several leaders from the Egyptian Ministry of Petroleum and Mineral Resources. Also present were representatives from the Egyptian General Petroleum Corporation (EGPC) and numerous local and international oil companies.

This project aims to enhance productivity and extend the lifespan of the Morgan and Badri fields, while also improving operational efficiency and environmental sustainability. This initiative represents a significant step towards digital transformation and innovation in the Egyptian oil and gas industry, reflecting Dragon Oil’s commitment to sustainability and the sustainable development of natural resources both regionally and globally.

The agenda for the launch of this project included four days of training sessions for over 50 engineers and geoscientists from various institutions and oil companies in the oil and gas sector. This training highlights the importance of supporting the Egyptian petroleum industry, developing young talent, and equipping them with the latest AI technologies specialized in oil field development.

Dragon Oil is one of the first global companies in the Middle East to expand the use of AI technology across various specializations. This project represents a significant strategic step towards achieving sustainability, enhancing technological capabilities, and providing an optimal working environment for AI companies in the oil and gas industry.