AGR’s Reservoir Management has the responsibility for delivering their expert opinion within exploration and increased recovery (Technology Target Area 2 of the OG21 Strategy).

DNV GL has secured a contract with OG21 (The Research Council of Norway) to identify how machine learning solutions can add value to the Norwegian petroleum industry.

AGR’s Reservoir Management has the responsibility to deliver the Scope of the contract within exploration and increased recovery (Technology Target Area 2 of the OG21 Strategy).

The complete study will assess how big the opportunity related to machine learning on the Norwegian Continental Shelf (NCS) is in terms of increased volumes, reduced costs and reduced environmental footprint. Furthermore, the report will evaluate what measures the Norwegian oil and gas industry need to take to develop and adopt machine learning faster to realise the identified high value opportunities it can provide. Ultimately, the study will demonstrate the importance of machine learning to maintain the competitiveness of the NCS.

The study covers four Technology Target Areas (TTA) to meet the goals of OG21:

• TTA1   Energy efficiency and Environment
• TTA2   Exploration and increased recovery
• TTA3   Drilling Completion and intervention
• TTA4   Production processing and transport 

The project was kicked off in Q1 2020 and will continue with the submission of a final report to the OG21 in Q4 2020.

Welcoming AGR’s collaboration with DNV GL on the OG21 project, Svein Sollund, AGR CEO, said,
“Machine learning involves techniques that enble to discover information and relationships present in different types of data. As our industry is searching for faster, better, and more cost-effective solutions, data is becoming an increasingly important asset. For this project, we are able to combine our three decades of exploration experience and the great expertise we have available in data management. AGR’s long standing track record within optimising recovery efficiency on the NCS contributes to successful delivery of the report later this year. “

KeyFacts Energy Industry Directory: AGR