digitalization

A delegation from the Moscow-headquartered oil company recently visited Dubai with a slew of advanced technologies to see if anyone was interested in making a deal.

Using electricity to run oilfield operations is supposed to make everything better, but just getting the power needed is a challenge.

Innovative elements of digitalization and automation of workflows provide a new approach for better handling of slugging in subsea developments with long tiebacks, potentially optimizing production and limiting the amount of flaring.

Silviu Livescu, SPE’s technical director for data science and engineering analytics, and Birol Dindoruk, recent technical director for management and information, discuss the state of the oil and gas industry’s digital transformation, where the industry needs to go, and how it can get there.

The oil and gas industry has picked up on the benefits of digitization and artificial intelligence in its day-to-day activities, and the health, safety, and environment sector is no exception. While AI brings clear benefits, the risks that come with those benefits remain unclear.

The data have been collected and analyzed from more than 18,000 equipment units with failure and maintenance records and includes information on subsea fields with more than 2,000 years of operating experience.

Now more than ever, safely managing the role of digitalization and the demand for decarbonization while efficiently balancing the books will be critical for companies to survive and thrive.