EY is deploying artificial intelligence solutions to support Angola’s oil and gas sector in enhancing operational efficiency and sustainability. André Afonso, Managing Partner at EY Angola, revealed that the firm is using digital tools to help companies predict operational issues, minimize downtime and significantly reduce flaring across production operations.
“AI improves efficiency. Solutions can be applied to improve operations in an LNG plant, offshore production, or even during oil and gas transportation,” Afonso explained. He highlighted a specific success story where AI monitoring enabled the company to detect and prevent flaring events before they occurred. “By deploying AI to monitor our client’s operations in real time, we were able to detect and prevent flaring events before they happened,” he said.
Beyond digital solutions, EY plays a key role in helping oil and gas companies secure financing and develop investment strategies. “Our main business is to find financiers and link them with promising oil and gas projects,” said Afonso, citing projects such as the Cabinda and Lobito refineries. Through its transaction advisory services, EY assists companies in preparing business plans, auditing and financial structuring to attract investors and achieve operational stability. Afonso emphasized Angola’s growing gas market as a key area for future growth, noting that exploration of gas needs to be done in all blocks with untapped reservoirs.
Source: energycapitalpower.com