AI for Oil & Gas
Client: A US-based machine learning company that generates data mining softwares for Oil & Gas companies.
Objective: To come up with an AI system that identifies how a well’s yield will change over time using its historical data.
Solution: Company data collected over the years from multiple sources was
structured and used to create a database with an algorithm (neural network predictive AI system) that trains itself to identify the best value so the accuracy is as high as possible
- Deliverable: First of a kind AI system that collects and anlyzes historical production data to predict productivity level (of old and new wells) while minimizing cost and effort.
- Technology: Data mining, cleaning and structuring. Deep learning and neural networks for predictive modelling.
- Outcome: Cognitive and self-improving AI system specifically engineered for Oil & Gas industry.