Repsol trusts in AI
The company’s upstream digital strategy is increasingly turning to machine-learning and AI capabilities
Spanish operator Repsol’s new strategic plan is a transformation story. It relies on a world-class digital programme that is already rewriting how we operate our businesses. One of the pillars is focusing on creating a data-driven culture, establishing new ways of working and transforming our businesses through the use of AI. Around 60pc of all initiatives in Repsol’s digital programme involve data. One clear example is how we now carry out drilling operations in our exploration business. InWell.ai is a disruptive real-time prescriptive tool for field personnel that was launched earlier this year. This AI-based tool offers real-time guidance recommendations to frontline workers for every act
Also in this section
29 October 2024
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
27 October 2024
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
25 October 2024
Trader sees potential for M&A as oil prices come down, says chairman Torbjorn Tornqvist
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place