Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi explored ways to utilize AI-powered tools and leverage digital transformation in Egypt's oil and gas sector with AIQ, a subsidiary of the UAE's ADNOC Group, according to a statement.

In his meeting with CEO of AIQ Dennis Jol, Badawi affirmed that AI has become a fundamental pillar in the future of the petroleum industry, given its advanced capabilities in processing and analyzing geophysical and seismic data with unprecedented speed and accuracy.

This contributes to improving decision-making, accelerating exploration activities, enhancing operational efficiency, and reducing costs.

For his part, Jol outlined AIQ’s portfolio of smart solutions tailored to lower production costs, improve operational efficiency, and boost value creation.

He added that the company is developing a new generation of AI applications based on physics- and chemistry-driven models to enhance seismic data interpretation, improve exploration and field development decisions, increase exploration success rates, and reduce operational risks

AIQ has successfully implemented several applied projects, including an AI-based system for early prediction of failures in electric submersible pumps (ESPs). This system can predict failures up to 45 days in advance, backing operational sustainability and minimizing production downtime.

Both sides also explored opportunities to leverage AI technologies to enhance hydraulic fracturing and horizontal drilling operations.

Moreover, the officials reviewed a proposal to establish a joint entity, AIQ Egypt, a specialized platform for AI applications in the Egyptian petroleum sector.

It will integrate the data available through the Egypt Upstream Gateway (EUG) with AIQ's technologies and local expertise to support data-driven decision-making, accelerate exploration and production activities, and strengthen the competitiveness of Egypt's oil and gas industry.