Equinor is leveraging artificial intelligence (AI) to enhance operations on the Norwegian continental shelf, aiming for energy security and continued value creation by 2035. Hege Skryseth, Executive Vice President for Technology, Digital, and Innovation, highlights that AI significantly accelerates industrial tasks, allowing for faster analysis of seismic data, efficient well planning, and improved facility operations. Key AI initiatives include predictive maintenance of over 700 machines, which has generated USD 120 million in value since 2020 and minimizes downtime while reducing CO2 emissions. Moreover, AI has optimized well and field development planning, saving the company USD 12 million in the Johan Sverdrup phase 3, and enhanced seismic interpretation capacity by tenfold. Since 2020, AI initiatives have realized over USD 330 million in value, enabling efficient operations and sustainable practices. With a focus on maintaining output levels, Equinor continues to innovate in AI-driven solutions to support its energy transition goals.
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