A Silicon Valley-based deep learning, artificial intelligence company is using artificial neural networks to help find oil and gas using geoseismic data.
Opportunities for further efficiency gains are abundant with technology, but a company has singled out a few technologies that it believes will shape the oil and gas industry’s future.
Although strides have been made in cybersecurity, the potential for more cyberattacks exists. A consulting firm gives advice.
"This power will help us to improve our performance and to reduce our costs," said Arnaud Breuillac, Total's E&P president. "In the era of big data, state-of-the-art data-intensive computing is a competitive advantage."
With integrated operations, everyone must understand the company’s overall priorities in order to set agendas in each group, working to get to the same point, according to an engineering coordinator for a major E&P company. Technology and breaking down silos are key.
For the upstream sector successfully linking diverse datasets are among the keys to unlocking potential benefits of the Internet of Things, a report says.
For the oil and gas sector, this could mean making drilling adjustments on the spot. It could also mean collecting data from various sources, analyzing it and using that knowledge to grow production and revenue.
For the oil and gas sector the threat remains, but the methods are the same, experts say.
The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.
Using technology to generate, process and analyze data can lead to improved operations.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Asset Guardian Solutions specializes in protecting companies’ process critical software assets.