Minister of Petroleum and Mineral Resources Karim Badawi met with Dennis Jol, Chief Executive Officer of AIQ, an artificial intelligence company affiliated with the UAE’s ADNOC Group, to discuss prospects for cooperation in artificial intelligence applications and digital transformation in the oil and gas sector.
The talks support the ministry’s strategy to modernize the sector, maximize the value of data, and enhance efficiency across exploration, production, and petroleum operations. In a statement issued on Wednesday, July 1, 2026, the Ministry of Petroleum said Badawi stressed that artificial intelligence has become a key pillar of the future of the petroleum industry, given its advanced capabilities in processing and analyzing geophysical and seismic data with high speed and accuracy.
He added that this contributes to improving decision-making, accelerating exploration activities, enhancing operational efficiency, and reducing costs. Badawi noted that the ministry is working with partners to deploy advanced digital solutions and AI technologies to maximize new discovery opportunities, reassess and revitalize mature fields and exploration areas, increase productivity, reduce the cost of oil production, and enhance the economic returns of Egypt’s petroleum resources.
For his part, Jol reviewed AIQ’s portfolio of intelligent solutions covering all segments of the petroleum industry, from geoscience and exploration to drilling, production, asset management, and facility integrity. He said the solutions aim to reduce production costs, improve operational efficiency, and increase value creation across the petroleum value chain.
He added that the company is developing next-generation AI applications based on physics- and chemistry-driven models, which are expected to improve seismic data interpretation, enhance exploration and development decisions, increase success rates, and reduce operational risks.
The two sides also discussed opportunities to apply AI technologies in hydraulic fracturing and horizontal drilling operations to optimize well design and execution, improve field productivity, and reduce operational time and costs.