Beaver Drilling, U of C create leadership training program to 'harness the power of tech'

A group of employees with Beaver Drilling are taking a new leadership course this week designed to leverage technology and artificial intelligence to prepare them for the drilling industry of the future.

The program, called Avatar, is being put on by the University of Calgary’s Haskayne School of Business and Beaver Drilling, a large private contractor that operates across Western Canada.

“The only way to realize the structural cost transformation required in today’s energy industry is to harness the power of tech, AI and machine learning,” Beaver Drilling CEO Kevin Krausert said in a statement.

“Rather than the incremental cost efficiencies already found, the drilling industry needs to unleash the 10X efficiency gains tech has accomplished in manufacturing and other industrial sectors.”

The U of C says participants in the week-long course that started Monday will apply their new knowledge and skills to real-world innovation opportunities with input from industry partners such as NOV, Cenovus Energy (formerly ConocoPhillips), Crest Consulting and NextAI Canada.

“This collaborative approach to learning fundamentally alters the business structure of the drilling business model,” the U of C said in a statement.

“Rather than transferring cost from one segment of the energy industry to another, organizations are working together to develop highly capable professionals, a key step to transforming the drilling industry.”