Technologies have been a blessing to many of the core industries for a while. Now, it is expanding its reach to some of the most complex domains of the world – Oil and gas industry. The vastness of the oil and gas industry may lead to difficulty in integrating high-end technologies such as Artificial intelligence due to the significant role of manual and physical equipment and setup. But, thanks to the super minds behind it working towards the rise of numerous possibilities. Though the entire industry is yet to be touched upon by AI, let’s see what we can expect in which segment.
Here, we will how AI can impact the oil and gas industry and what are the subsequent effects one can expect. AI is an interesting topic in oil and gas courses for mechanical engineers.
Impact of AI on the Oil and gas industry
AI is an ecosystem of technologies and capabilities, each of which can replace or augment specific human competencies. It forms an important part in the online course for piping engineering for better understanding of the technological potential in the oil and gas domain.
Let’s analyze how it can help the oil and gas sector.
Sensing is a crucial feature of AI wherein the sensory data is analyzed to detect different patterns that reveal signals that humans can’t perceive or access with ease.
Let’s understand with an example. Sensors embedded in a storage tank can recognize concentrations of different chemical elements stored in the tank. The retrieved data then obtained can be fed to a machine learning model to assess the impact of those elements on the health and durability of the tank. The insights then received can help prevent accidents or scenarios that expose workers to hazardous environments. Also, companies can use sensing to determine the drilling location.
Thought & Analysis
AI tools have multitasking capabilities wherein they can be fast enough to analyze and process large data sets and identify patterns in the data that humans might miss accidentally, thus developing better insights more quickly. AI can be integrated into a computing system to automate identifying and tracking the movement of personnel around worksites that would optimize safety, identify opportunities for training, and enhance efficiency.
AI can increasingly perform most of the human dependent tasks, and this would ultimately allow humans to focus on higher-value activities that leverage empathy and creativity. An intelligent system like AI would perform these tasks and automate them with little to no human involvement, thereby achieving exponentially higher efficiency. Additionally, AI can streamline decision-making, simplifying the process and even wiping out human involvement altogether. This will help employees focus on high-value optimization activities that would enhance companies’ future growth.
The opportunities are great, but AI transformation would take time. There is no fixed method for implementing new technology. For the oil and gas industry to make the most of Artificial intelligence (AI) will require overcoming certain shortcomings related to critical data storage and operation complexities and integrating human resources with AI. Proper training, strategy, and choosing the correct integration approach could pave a successful path for AI in the oil and gas industry.Start your preparation now from the best oil and gas training courses online.
by Debashree P
Debashree is an Aeronautical engineer by education and a curious researcher by passion. She is passionate about engineering and technology. She is an avid technology writer who has a knack for developing content for websites, newsletters, blogs, articles, advertising and marketing materials based on the requirements. Technologies of her interest include Aviation, Oil & Gas and AI.