A seminar on Artificial Intelligence and Complication of Operations in Oil Industry
Mr Muhammad Ali, faculty member of Petroleum Engineering department, presented a seminar entitled Artificial Intelligence and Complication of Operations in Oil Industry on Thursday, Oct 10th.
He began his speech with presenting recent developments in Artificial Intelligence (AI) in several aspects of science and even daily life. He explained that the bottom line of every oil company is the “Profit acquired after tax”. The technical process involved in the oil exploration and production is very complex and needs a lot of expertise. Many processes in oil industry need the evaluation of various parameters, calculations and continuous update of the parameters to execute the operations. He emphasized that when it comes to emerging technology, professional employees and experts are required to monitor the advanced devices, and to install and run the devices manually. Manually, managing the operations in oil fields is also time consuming, create various mechanical and reservoir problems and may increase the production costs. Therefore, technological innovation to simplify the operations is a critical driver of economic growth in the oil and gas industry.
He discussed that the time is now to bring the industry into the digital age and the main technology that can solve this challenge is artificial intelligence, and the opportunity is there to work on the domains that can use artificial intelligence system to automate the oil field operations. He further explained how to explore the opportunities existing in drilling engineering, enhanced oil recovery methods, shale fracturing, reservoir management, production management and flow assurance.
