AI/machine learning

Artificial Intelligence Improves Business Outcomes for Offshore E&P

Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise.

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In offshore exploration and production (E&P) operations, data remain largely an untapped asset. Platform data are particularly far from being ready for any artificial-intelligence (AI) applications. However, the data landscape aboard an offshore platform provides a good starting point for learning how these applications potentially can transform the offshore E&P enterprise, whether for a single platform or an entire fleet.

Pumping Data to Nowhere

Despite platforms having streams, if not floods, of data about the condition of topside equipment as well as drilling gear, electrical submersible pumps, and other wellhead mechanisms, most experts agree that only a small fraction of such data is used. Compounding the problem is the fact that most data currently are siloed; their sources are sensors on the various components of platform equipment and tools of their suppliers.

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