Under the Patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister of the Kingdom of Bahrain
  • SAVE DATES
MEOS 2023
RegisterEXHIBITSPONSOR
  • Visit
      • About the Show
      • Why Visit?
      • 2023 Event Brochure
      • Visitor FAQs
      • 2023 SHOW FEATURES
      • Start-Up Village
      • Transformation Hall
      • GETTING THERE
      • Venue
      • Preferred Hotels
      • Visa Information
      • Visit Bahrain
    • Close
  • EXHIBITION
      • Why Exhibit?
      • Visitor Profile
      • Products and Services
      • Book a Stand
      • Exhibitors 2023
      • Sponsorship
    • Close
  • CONFERENCE
    • COMMITEE FOREWORDS & MEMBERS
      • Technical Programme Chairs’ Message
      • Committees
      • Chairmen’s Welcome Message
      • Programme Chairs’ Message
    • PROGRAMME
      • Call for Abstracts
      • Session Schedule
      • Panel Sessions
      • Keynote Presentations
        • Monday, 29 Nov
        • Tuesday, 30 Nov
        • Wednesday, 1 Dec
      • Virtual STEM Teachers Workshop
      • Technical Sessions
        • Mon, 29 Nov
        • Tues. 30 Nov
        • Wed, 1 Dec
    • Close
  • CONTENT HUB
      • DOWNLOADS
      • 2023 Show logo
      • Industry Reports
      • Call For Abstracts Brochure
      • NEWS
      • Latest Show News
      • Exhibitor News
      • Industry News
      • DIGITAL KNOWLEDGE CENTER
      • MEOS Webinar Series
      • GEO Webinars
      • GEO Talks
    • Close
  • CONTACT
    • Middle East

      AbdulRazzaq Ali

      Informa Markets

      Bahrain

      +973 17550033

      +973 39403175

      abdul.razzaq@informa.com

    • Worldwide

      Susan Lee

      Informa Markets

      London

      +44 7976 887032

      susan.lee@informa.com

    • Conference Organisers

      American Association of Petroleum Geologists

      Dubai

      +971 4 372 4201

      aapgme@aapg.org

    • Conference Organisers

      Society of Petroleum Engineers

      Dubai

      +971 4 457 5800

      ovyshnevska@spe.org

    • Close
  • Search
  • Menu Menu

5 ways Artificial Intelligence is maximising value across the oil and gas sector

7th July 2021/in Industry News /by florishermans

From initial exploration activities to the end-user, the application of artificial intelligence (AI) in oil and gas is inspiring new ways of approaching exploration, development, production, transportation, refining and sales. In an era of transformation – or oil and gas 4.0 – the ecosystem of technologies and capabilities that make up AI has enormous potential to make the most out of data to unlock efficiencies, reduce downtime and solve problems around human talent.

With AI in oil and gas market valued at US$2 billion in 2019 and expected to reach US$3.81 billion by 2025, more oil and gas organisations are integrating AI applications into their upstream, midstream, and downstream operations along with AI-enabled predictive analytics to achieve the following enhancements:

Intelligent Automation


Companies can audit tasks to identify those that are suitable for automation. For example, rule-based robotic process automation (RPA) to cognitive RPA could handle time consuming and error-prone activities, such as those carried out in the back-office or that support fieldwork like drilling and completion operations.

Predictive Maintenance


As oil and gas demands increase, so does the demand for the machines that run the oil and gas operations. AI could provide a viable solution to help oil and gas companies monitor their machine assets, predict when their machines and equipment require maintenance and make proactive maintenance decisions.

Well-Placement Analytics


Oil and gas producers are increasingly using AI for well-placement analytics and production optimisation. Pipeline companies use AI to analyse pipeline flows and determine the location and size of methane leaks, for example.

Digital Twins


Oil and gas companies use AI software to create “digital twins” of equipment. Digital twins can detect early signs of equipment failure so owner-operators can plan and implement corrective maintenance actions. The software can also use model drilling and extractions to determine whether virtual equipment designs are feasible and gather real-time data feeds from sensors in an operational asset.

Enhancing Health and Safety Standards


Using AI software such as natural-language processing for text analytics, vision analytics, and vital-signs analytics to monitor fatigue and heat exhaustion can result in efficient HSE strategies that can target human interactions.

Across the globe, and particularly in the GCC, national oil companies (NOCs) continue to invest in digitising their operations. Tools such as AI and machine learning are being successfully deployed as part of a comprehensive digital transformation strategy with promising results.

Through their dedicated 4IR Center, Saudi Aramco is deploying technology solutions to meet the world’s energy needs while minimising the environmental impact of their activities. The World Economic Forum has recognised the NOCs ‘Uthmaniyah Gas Plant as a “Lighthouse” manufacturing facility – a leader in 4IR technology applications. It is one of the world’s largest gas processing plants and uses advanced analytics and AI solutions to increase productivity while enhancing the safety, reliability and efficiency of its operating facilities. Meanwhile, in the Khurais oil field, Saudi Aramco reduced total energy consumption by 18%, reduced maintenance costs by 30%, and reduced inspection times by about 40% through AI applications.

Similarly, the Abu Dhabi National Oil Company (ADNOC) has also made strategic investments and launched several initiatives in technology and innovation as part of its digital transformation. These initiatives include the Panorama Digital Command Center, which leverages AI, big data, and smart analytics to aggregate data across ADNOC’s operations and provides operational insights and recommendations. Other initiatives include ADNOC’s Thamama Subsurface Collaboration Center, which uses AI to help identify hydrocarbon resources and unlock value from existing fields. ADNOC is also applying AI-enabled technologies for value chain optimisation, predictive maintenance, and blockchain-based hydrocarbon accounting.

 

Your monthly insights in oil and gas…


UNLOCK FREE CONTENT

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share by Mail
logo-footer
  • Book your stand
  • Who should attend
  • Privacy Policy
  • Exhibition
  • Conference
  • Contact

ABOUT THE ORGANISERS

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. For more information, please visit www.informamarkets.com.

Informa Markets

CONFERENCE ORGANISERS

The American Association of Petroleum Geologists (AAPG) is one of the world’s largest professional geological societies with more than 40,000 members across 129 countries: www.aapg.org.

CONFERENCE ORGANISERS

The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose more than 140,600 members in 144 countries are engaged in oil and gas exploration and production. SPE is a key resource for technical knowledge providing publications, events, training courses, and online resources at www.spe.org.

SPE Logo

QUICK LINKS

  • Book your stand
  • Who should attend
  • Privacy Policy

FOLLOW US

COPYRIGHT 2020-2022 © MEOS | GEO
  • Site Map
  • Cookies
  • Terms and conditions
Bahrain starts exploratory offshore drilling for oil and gas OPEC July oil output hits 15-month high as demand recovers, survey show

×

×

×

×

×
Scroll to top