Growing application of artificial intelligence in optimising productivity and efficiency in oil and gas
Machine learning through artificial intelligence have been successfully applied in solving variety of problems in several disciplines. In the energy sector, oil and gas industry there is potential and opportunities attract maximum investment. The benefits are (1) Reduction of operational costs, (2)...
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| Main Authors: | , , |
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| Format: | Book |
| Published: |
IOS Press
2023
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| Online Access: | http://scholars.utp.edu.my/id/eprint/37644/ https://www.scopus.com/inward/record.uri?eid=2-s2.0-85172815912&doi=10.3233%2fAERD230012&partnerID=40&md5=fda37c64cdc70a58d63e35743862e28e |
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| Institution: | Universiti Teknologi Petronas |
| Summary: | Machine learning through artificial intelligence have been successfully applied in solving variety of problems in several disciplines. In the energy sector, oil and gas industry there is potential and opportunities attract maximum investment. The benefits are (1) Reduction of operational costs, (2) Improvement in Efficiency, (3) Reduction of cycle time span, (4) Replacing knowledge and know-how of experienced staff, (5) Filling in information gap in company A.I. Technology has tremendous potential in streamlining many processes in oil and gas both upstream and downstream. The key benefit would be optimization and efficiency in scheduling, maintenance and product delivery. A.I. is also making inroads in Refinery Operations in corrosion detection and mitigation. © 2023 The Authors. |
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