Data mining/analysis
In today’s era of asset management, digital twins are changing risk management, optimizing operations, and benefitting the bottom line.
Over decades of exploration and production, the oil and gas sector has accumulated vast amounts of legacy data in various formats. Artificial intelligence and machine learning present an opportunity to transform how this unstructured data is processed and used, enabling significant improvements in operational efficiency and decision-making.
A roundtable discussion during CERAWeek pointed to the necessity of a mindset shift for the oil and gas industry to tap into AI’s true potential.
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There is talk about digital oil fields and big data and some striking examples of their power. But in real oil fields, a lot of operators are still running fields with systems relying on big paper.
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