Arab Finance: Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, and Engineer Ali Rashid Al Jarwan, CEO of the Emirati company Dragon Oil, witnessed the signing of a memorandum of understanding between the Ministry and the Emirati company for cooperation in the field of using applications. artificial intelligence Advanced management of petroleum tanks in the company’s operating areas in the Gulf of Suez, which contributes to improving petroleum production efficiency and sustainability.
The memorandum of understanding includes enhancing cooperation in the uses of collaborative digital transformation supported by artificial intelligence, and implementing a cooperative initiative to benefit from advanced artificial intelligence applications in improving the management of marine reservoirs in the waters of the Gulf of Suez in mature fields, as these applications contribute to enhancing the data analysis process, simplifying field operations, and raising Efficiency of reservoir management strategies. This initiative reflects the joint commitment to improving the recovery of hydrocarbons, and providing innovative digital solutions that are in line with Egypt’s strategic objectives in developing and developing energy resources with the highest degree of efficiency and sustainability.
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