Greater Noida (Uttar Pradesh) [India], November 15 (ANI): In the world of energy exploration, the clock is ticking. Arun Kumar Singh Chairman, of the Oil and Natural Gas Corporation (ONGC), said on Friday that "If we can't compress exploration time, we will not survive long." Addressing the 6th South Asian Geoscience Conference & Exhibition, ONGC Chairman said Currently, ONGC's standard process involves three years for exploration alone, followed by an additional two years to develop a well.
After that, it takes another five years before oil extraction from sea to surface begins. The whole process spans nearly a decade, ONGC needs to look for solutions to drastically reduce this timeline. Also Read | Rameshwaram Cafe Blast Case: NIA Probe Reveals Pakistan, ISIS Links; 6 Suspects Identified, Key Operative Still at Large.
"We need to find a way to compress exploration to one year. If we continue to take ten years to bring oil from the sea to the surface, the game is over," said ONGC Chairman. With the support from technology giants like Microsoft and advancements in artificial intelligence (AI), there has been some progress.
These technologies have managed to compress processes that once took months or even years into mere days. Also Read | India vs South Africa Free Live Streaming Online, 4th T20I 2024: How To Watch IND vs SA Cricket Match Live Telecast on TV?. However, for ONGC, this is just the beginning.
Stepping outside of their traditional approaches and learning from oth.
