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    Home > Blog > Iran Unveils First AI-Equipped Oil Well

    Iran Unveils First AI-Equipped Oil Well

    Goli InnocentBy Goli InnocentDecember 26, 2024 Economy No Comments2 Mins Read
    Oil wells(petroleumprice.ng)
    Top Oil Exploration Prospects for 2025(petroleumprice.ng)

    Iran has launched its first artificial intelligence (AI)-equipped oil well, marking a major milestone in the country’s energy sector. The unveiling was led by Hossein Afshin, Iran’s Vice President for Science, Technology, and Knowledge-Based Economy, during a ceremony on Tuesday.

    The new system, known as the Management Centre for Wells Reservoir and Facility Management (WRFM), was developed locally by Pasargad Energy Development Company. It uses advanced technologies such as sensors, AI, and real-time data processing to monitor and manage oil wells, reservoirs, and facilities.

    Transforming the Oil Industry

    Speaking at the event, Afshin emphasised the importance of integrating AI into Iran’s oil industry. He explained that achieving business intelligence is a critical step towards successful AI adoption. The WRFM centre serves as a key innovation, offering real-time analysis of well conditions, reservoir flows, and operational performance.

    Afshin noted that similar projects in neighbouring countries often rely on international companies. However, this breakthrough was achieved entirely through domestic expertise, showcasing Iran’s growing technological capabilities.

    Future Projects

    Afshin also announced plans for Iran’s first “smart refinery,” to be built on Qeshm Island by the same company. This refinery is expected to leverage AI to optimise operations and improve efficiency.

    The WRFM centre is designed to enhance decision-making and boost efficiency across Iran’s upstream oil and gas sector. Its ability to process and analyse data in real-time is expected to reduce costs, improve performance, and set a benchmark for other companies in the industry.

    This project reflects Iran’s broader commitment to innovation in its energy sector, ensuring long-term competitiveness and self-reliance.

    AI Iran Oil
    Goli Innocent
    Goli Innocent

    Goli Innocent is an energy journalist and digital strategist focused on Nigeria's oil and gas value chain. He reports on pricing, logistics, and regulatory updates affecting consumers and industry players.

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