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Artificial Intelligence & Machine Learning

Artificial Intelligence & Machine Learning

Oil and gas industry, since its inception, has been majorly data driven. It has reaped benefits from early adoption of technology. As world transitions to a carbon neutral future, data driven approach can not only accelerate the transition but make it smooth. Oil companies from E&P (Exploration and Production), Oilfield Service Providers, Refineries, Pipeline & Transportation to Energy Distribution have invested heavily in acquisition and maintenance of databases which are considered business drivers. With the advent of IoT, continuous stream of large datasets calls for more and more automation. A good example can be SCADA gauges installed on wellheads. Continuous monitoring enables early fault detection and intelligent analytics can help predict breakdown and thus help reduce downtime. A good data strategy can augment day to day business critical decisions and long-term business policies. A good data driven strategy can identify drilling risks and help make graduated decisions. Recent advances in data science, cloud computing, artificial intelligence and machine learning present an opportunity for energy companies to become more efficient, lean and agile. With ever increasing emphasis on minimizing cost per barrel or cost per watt, MaxPro Consulting, with its expertise in digital oilfield, can leverage oil companies achieve swift data driven decision making and automated workflows.

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