Part 1/14:

The Role of Bayesian Optimization in Well Location Optimization: A Deep Dive

Introduction to the Digital Transformation in Energy Sector

In a recent technical presentation, a speaker from Shell elaborated on how digital technologies, particularly Bayesian Optimization (B.O.), are revolutionizing well location planning and subsurface analysis amidst industry-wide transformation. The talk took place in the context of two major mega-trends shaping the next decade: energy transition and digitalization. These forces are critical for addressing global challenges like climate change, reaching Net Zero emissions, and meeting the escalating global energy demand.