Oil and Gas
In the oil and gas industry, the application of artificial intelligence (AI) goes beyond just achieving better or faster processes.
While not as prevalent as other sectors, the oil and gas industry is finally warming up to digitization. The path forward for these companies lies in leveraging AI and machine learning-based technologies to insulate themselves from market shocks, remain profitable, and get ahead of the competition during recovery.
TheDataTeam AI Solution for
Oil and Gas Industry
TheDataTeam provides advanced AI solutions to upstream O&G companies to develop their resources more efficiently and confidently. Using our accurate AI-solutions, the companies can analyze more than thousands of field development sceneries, well/pad parameters, completion options, or refracturing solutions in just a few hours and find the most optimum solutions.
Still wondering how AI services can be
useful in the oil and gas industry?
Let’s examine a few real-world uses of TheDataTeam’s AI applications:
Defect Detection and Enhanced Quality Assurance
Error-prone mechanisms or defective pipelines could result in severe damages. Using an AI-powered defect detection solution can detect defects right at the beginning to ensure cost-savings and employee safety. It can also verify the quality of production and provide deep insights regarding the defects in analytics to address operational challenges
Derive Meaningful Insights from the Data
AI algorithms can study data streams from multiple sensors and machinery to provide deep insights that enable geoscientists to have a better visibility of the business operations and strategies, thereby enabling them to make better strategic decisions. Predictive analysis can help uncover patterns or inconsistencies in the process. This leads to improved operations efficiency, reduced costs, and it also reduces the risk of failure.
Proper Implementation of Safety and Security Standards
Even though O&G companies follow many measures to monitor safety protocols, it is still largely a manual process with the possibility of human errors. An AI-powered computer-vision solution can send alerts even for the smallest deviations in compliance to ensure that there are no deviations from the safety procedures.