Beyond Limits shows how AI can support sustainability at ADIPEC
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Beyond Limits shows how AI can support sustainability at ADIPEC

Beyond Limits shows how AI can support sustainability at ADIPEC

Recent studies found that high-performance AI frameworks powered by GPUs can improve profitability by over 13 per cent in oil field planning scenarios

Beyond limits at ADIPEC

At ADIPEC 2021, Beyond Limits is showcasing technology solutions that can help the oil and gas industry to become more efficient and improve sustainability.

An industrial and enterprise-grade artificial intelligence company, which uses a vast portfolio of sophisticated technology developed for NASA space missions, is demonstrating cognitive AI solutions that can help the energy industry in addressing some of the difficulties it faces. Beyond Limit’s cognitive AI solutions integrate historical and real-time data with embedded human knowledge and human-like reasoning to assist businesses in making more informed decisions in both upstream and downstream scenarios.

AI and data analytics are already finding increasing adoption in the oil and gas sector, with AI solutions helping companies to become more sustainable, by maximising the use of resources, minimising wastage and enhancing operations.

Recent studies by NVIDIA and Beyond Limits, found that high-performance AI frameworks powered by GPUs can improve profitability by over 13 per cent in oil field planning scenarios, compared to traditional methods while also reducing the number of injector wells drilled by 58 per cent. The drastic reduction of injector wells reduces drilling costs by up to $5-10m per well while also minimising environmental hazards of drilling, including groundwater seepage and damage to geological stratifications.

Better extraction methods also reduce the need for potentially dangerous oil recovery mechanisms and fracking.

Cognitive AI-powered solutions are supporting the longevity of wells so that exploration companies can get the best possible rate of extraction and ensure resources are utilised to their fullest extent. In downstream, cognitive AI solutions combined with IoT sensors are able to monitor dynamic refinery conditions and unplanned events in real time, or even predict issues such as equipment breakdowns.

“Advanced solutions powered by cognitive AI technology are already addressing some of the biggest challenges facing the oil and gas sector now and in future. AI can be applied to many different areas of operations, such as exploration, oil field planning, compliance with environmental regulations, preventative maintenance and more,” said Ken Habson, general manager EMEA at Beyond Limits.

Beyond Limits recently partnered with Group 42 (G42), the Abu Dhabi-based artificial intelligence and cloud computing company, where the latter led a milestone funding round to boost Beyond Limits’ scale and reach in the Middle East and other markets, and to explore synergies between the two companies in applying advanced AI solutions.

Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions.

Read: Here’s how technology plays a vital role in sustainability

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