The director of the oil industry management development center announced that the governance document based on artificial intelligence of Iran National Oil Company will be unveiled at this year's oil industry exhibition. According to Shana's report, quoted by the Oil Industry Management Development Center, Mohsen Haghighi Moghadam stated that today artificial intelligence has proven to be a real empowering tool for oil and gas projects and has very high benefits in the upstream value chain consisting of exploration, development and production phases. He stated: reducing uncertainty in exploration reserves and as a result reducing investment risk for exploration operations, as well as reducing costs including drilling costs by more than 25% per year for exploration and production companies, creating millions of dollars of added economic value per year and reducing Paying attention to the costs caused by equipment failure and repairs is one of the advantages of using artificial intelligence and digital technologies in the upstream value chain of oil and gas. Among other achievements of using artificial intelligence in the business of the National Iranian Oil Company, he mentioned the improvement of monitoring and measurement systems, optimization of drilling operations, maximizing the life of equipment and increasing production. The director of the oil industry management development center added: the artificial intelligence governance document of Iran National Oil Company has been finalized with the support of the company's CEO and the members of the technical and specialized experts club of the oil industry management development center and the cooperation of the company's research and technology management and in the 28th exhibition The international oil industry is unveiled. Haghighi Moghadam stated: The signing ceremony of the memorandum of understanding for the establishment of the Strategic Center for Artificial Intelligence and Digital Oil and Gas Fields was held last year in the presence of Ruhollah Dehghani-Firouzabadi, Vice President for Science, Technology and Knowledge-Based Economy, and Mohsen Khojstemehr, CEO of the National Iranian Oil Company, and the National Oil Company In this field, it has several programs on its agenda, which will be explained in the 28th exhibition. He stated: With the efforts of the Deputy Minister of Engineering, Research and Technology Affairs of the Ministry of Oil and the Research and Technology Management of the National Iranian Oil Company, the issue of artificial intelligence and its role in the oil industry will be specially examined in working groups and specialized meetings. Based on this report, in the 28th International Oil, Gas, Refining and Petrochemical Exhibition, more than 1,750 Iranian and foreign companies in various sectors including upstream oil and gas companies, exploration and production, domestic manufacturers, intermediate and downstream industries of gas, refining and Petrochemical and knowledge-based companies, technology parks, universities, start-ups and other companies related to the oil industry are present. The International Oil, Gas, Refining and Petrochemical Exhibition is the main and most important oil event in Iran, with the support and policy of the Ministry of Oil, and is organized by the National Iranian Oil Company, and the main companies of the Ministry of Oil (National Iranian Oil Company, National Iranian Gas Company, National Iranian Refining Company) and the distribution of Iranian petroleum products and the National Petrochemical Industry Company), their subsidiaries and subordinate companies and the main stakeholders of the oil industry have a serious and active presence in it. This event with the slogan "oil industry, production leap, technological optimization" will be held from 19 to 22 May this year at the permanent location of Tehran International Exhibitions, and for more information, those interested can visit the National Iranian Oil Company website at www.nioc.ir and Visit the site of the oil industry exhibition at the address www.iran-oilshow.ir.
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