Iran to Launch Its First AI-Equipped Oil Well in 2024

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Iran plans to unveil its first AI-equipped oil well next year, located in the Sepehr and Jofeyr oil fields, alongside the country’s first smart refinery preparing in Qeshm Island. This development aims to modernize the oil sector using domestic capabilities, emphasizing the importance of commercial intelligence in implementing AI technologies.

Iran is set to introduce its first artificial intelligence (AI)-equipped oil well in the coming year, as confirmed by the Vice President for Science and Technology, Hossein Afshin. This announcement coincided with the inauguration of the nation’s first Well Reservoir and Facility Management (WRFM) center, marking a significant advancement towards integrating technological innovations within the oil sector. The AI-driven well will be located in the Sepehr and Jofeyr oil fields, paving the way for enhanced operational efficiencies in Iran’s oil extraction processes. Furthermore, the establishment of Iran’s first smart refinery on Qeshm Island is also underway, highlighting a robust movement towards embracing AI in various facets of the energy industry.

The integration of artificial intelligence in the oil and gas sector represents a transformative shift, enabling more efficient management of resources, predictive maintenance, and optimization of operations. The initiative by Iran to unveil an AI-equipped oil well demonstrates a commitment to modernizing its oil industry and reducing reliance on foreign technology. Given that many neighboring countries undertake similar projects by leveraging international firms, Iran’s approach showcases its efforts to develop indigenous capabilities in this critical sector.

The impending introduction of Iran’s first AI-equipped oil well symbolizes a pivotal step toward modernization within the country’s oil industry. With ongoing projects like the smart refinery on Qeshm Island, Iran aims to harness the potential of artificial intelligence for better resource management. As emphasized by Vice President Afshin, the journey towards AI in the oil sector is contingent upon establishing a foundation of commercial intelligence, underscoring the significance of this multifaceted initiative.

Original Source: www.tehrantimes.com

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