Impact of Artificial Intelligence

Intelligent Robots designed with AI capabilities for hydrocarbon exploration and production, to improve productivity and cost-effectiveness while reducing worker risk. Virtual assistants – Online chat platform that helps customers navigate product databases and processes general inquiries using natural language.  ExxonMobil announced that it is working with MIT to design AI robots for ocean exploration. Artificial Intelligence can be used in optimizing the drilling process and enhancing operational efficiency, leading to a reduction in drilling costs. Generally, geoscientists locate oil reserves using their knowledge and experience with a helping hand from sophisticated technology. AI systems have the ability to automate and optimize data-rich processes. They have the potential to mitigate risks, enhance productivity, remove redundancy and minimize operational costs.

 
  • Track 1-1 Decision Making
  • Track 2-2 Location of New Reserves
  • Track 3-3 Real-time Drilling Optimisation
  • Track 4-4 Exploration and Production (E&P) Life Cycle
  • Track 5-5 Drilling Capacity
  • Track 6-6 Neural Networks
  • Track 7-7 Evolutionary Programming
  • Track 8-8 Fuzzy logic

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