Top oil and gas companies gather seismic images using drones while image processing algorithms extract information.

FREMONT, CA: Hydrocarbon exploration is critical for gaining a complete picture of what lies beneath the earth's surface. Unfortunately, the traditional exploration geophysics process is imprecise and expensive. Adopting autonomous AI-powered robots for exploration is a great solution for making this process easier and gathering precise data. As a result, drones are being used by major oil and gas companies.

5 Ways AI is Transforming the Oil and Gas Industry:

1. Improve Quality Assurance and Defect Detection

Deploying a computer-vision-based system can verify production quality and provide deep insights into defect analytics. In addition, AI-powered Defect Detection solutions are extremely cost-effective compared to existing processes.

2. Ensure Standards of Safety and Security

An AI-powered computer-vision solution can monitor the worksite to ensure that all safety procedures are followed without deviation. The camera data is fed into an artificial intelligence algorithm and then analyzed to send alerts and proactive recommendations. AI solutions can notify management of even minor deviations from compliance.

3. Lower Manufacturing and Maintenance Costs

AI and IoT technologies can detect corrosion by analyzing various parameters with knowledge graphs and predictive intelligence to approximate the probability of corrosion occurrence and alert pipeline operators.

4. Use Analytics to Make Better Decisions

AI algorithms analyze data streams from various sensors and machinery in multiple plants and entire geoscience data sets and extract real-time analytics to generate intelligent suggestions based on business needs. These deep insights allow geoscientists to understand the overall processes and operations better, allowing them to make better strategic decisions.

5. Include Voice Chatbots for Assistance

Chatbots are a great source of information because they can pull real-time data, handle tasks like calling for assistance, and provide relevant instructions from an internal knowledge base. Keeping an intelligent chatbot creates a central repository for historical data. In addition, a chatbot can help new hires get up to speed faster.