ExxonMobil’s use of artificial intelligence (AI) to identify four new exploration opportunities in Guyana’s prolific Stabroek Block highlights the growing role of digital technologies in the country’s rapidly expanding oil sector.

The company is applying AI, machine learning, high-performance computing and advanced seismic imaging to historical discoveries, drilling results and subsurface data.

The approach could help accelerate exploration, lower costs and improve the chances of identifying new hydrocarbon resources.

The development comes as Guyana targets crude oil production of 1.3 million barrels per day by 2027 and 1.7 million b/d by 2030, increasing the importance of technology in maximizing offshore resources.

In May, ExxonMobil Vice President of Exploration John Ardill said the company was expanding its use of deep learning, machine learning and high-performance computing to analyze seismic data and identify prospects that had previously been difficult to evaluate.

ExxonMobil is also expanding its offshore drilling programme. The company has started drilling the Whiptail development well and Rockhead-1 exploration well in Guyana’s Exclusive Economic Zone.

It has also sought environmental approval for the Haimara gas-condensate development and proposed a 35-well drilling campaign from 2028 to 2033.

The growing use of AI and advanced digital tools is expected to create opportunities for technology providers, seismic specialists, engineering companies and oilfield service firms supporting Guyana’s increasingly data-driven exploration and development activities. -OGN/TradeArabia News Service