Enhanced Oil Field Exploration with AI

Developed A Solution to Detect Oil Fields Accurately, Saving Costs & Reducing Failure Risks

An oil exploration and production company required a viable method to identify oil fields. Using traditional methods like seismic and geological data, the company failed to discover usable oil fields often discovering dry wells. This resulted in financial loss, wasted resources, and inefficiencies. The main pain points of the customer included lack of accuracy in exploration, delays due to slow exploration

Clarion's Solution:

We developed a cutting-edge solution using AI/ML and Geospatial analytics to transform the oil exploration process. Our developers also used cloud computing and 3D visualization tools. We helped improve the accuracy of oil field identification and helped our client reduce costs.

Business Benefits for our Client:

•  Increase in accuracy by 25%: AI-driven seismic data analysis increased accuracy of detecting oil fields, reducing risk of drilling dry wells.
• 30% reduction in exploration costs: Minimized wasted resource, increased more targeted exploration efforts, lowered overall spending costs significantly.

Conclusion

With AI and advanced data analytics, oil exploration companies can transform their processes. They can improve accuracy with geospatial analytics, AI/ML cloud computing and 3D visualization and reduce costs and accelerate production time.