Artificial Intelligence (AI) is redefining industries globally, and the upstream oil & gas sector is riding this wave of transformation
In an industry where massive data generation is the norm, oil & gas companies have been pioneers in leveraging technology to mine valuable insights from their data troves. These companies often face challenges due to the compartmentalization of departments like land, geology, drilling, completions, and production. To bridge these gaps, many have embarked on Data Lake initiatives, creating centralized data repositories. Utilizing tools like Spotfire for data visualization and applying machine learning techniques to these data lakes has become a common practice.
However, the advent of Generative AI (Gen-AI) is reshaping this landscape in unprecedented ways, a change still not fully comprehended by many in the industry. Gen-AI's prowess lies in its ability to assimilate public data such as SPE papers, Texas Railroad Commission records, and extensive log data, and then augment this with proprietary data, including that from data lakes. This synergy enables Gen-AI to uncover correlations, insights, and opportunities for optimization autonomously, without relying on domain-specific human expertise.
Employing data like downhole logs, seismic readings, and core samples to predict reservoir properties and prioritize drilling in the most productive areas.
Rapid analysis of new cuttings against an existing database of analyzed rocks for quick classification based on observable characteristics.
Utilizing vast datasets on wellbores to optimize design and treatment, enhancing overall efficiency.
Excelling at processing large volumes of unstructured data, like drilling logs and production reports, for advanced data-driven decision-making.
Analyzing historical maintenance records and real-time sensor data to preemptively identify potential equipment failures, thereby reducing downtime and maintenance costs.
Creating accurate models of oil reservoirs using geological and geophysical data, aiding in optimal drilling strategies and maximizing production efficiency.
Analyzing diverse datasets for environmental impact assessments, aiding in risk mitigation and regulatory compliance.
Assisting in evaluating financial and operational impacts due to fluctuating oil prices and geopolitical factors.
Enhancing real-time directional drilling with AI for optimized wellbore placement.
Generating synthetic data to reduce scientific costs while maintaining analytical value.
Our expertise in unconventional oil & gas has led to the creation of DeepData, a pioneering software using Gen-AI for designing unconventional completions and generating operational documents. We have a deep understanding of AI's potential in this sector, having worked with Large Language Models (LLMs) since their inception.
We offer a tailored approach to AI integration in oil & gas, ensuring that our solutions are not just technologically advanced but also align perfectly with your business objectives. Let's explore how we can transform your operations with AI. Schedule a conversation with our CEO and embark on a journey to redefine your technological landscape.
We’ve been working with Large Language Models (LLMs) for years now, going back to the original GPT technology. We’ve built a number of applications leveraging generative AI and we have several more in the works. We created the following mental model about the ways AI can add value.
We find that walking through this mental model along with a few examples for each category really helps stimulate ideas with our partners and clients. If you’re interested in talking about AI and how it can help your business, schedule a 30-minute strategy discussion with our CEO. People who have engaged in these conversations have said it was the best discussion about AI they’ve ever had.
Communicate with computers via natural language (spoken, text, etc.)
Enhance human communications, create, personalise, translate, summarise, review, etc.
Auto-GPT: Provide AI with a goal, it figures out and executes the steps to achieve the goal
Communicate with computers via natural language (spoken, text, etc.)
Our team of expert designers and developers work hand-in-hand to bring your project to life, ensuring every detail meets your specific requirement
We hire, train, mentor, guide, and manage your team using proven methods that deliver superior results.
If you would like our involvement, we can help you with all aspects of product definition, e.g. market requirements document, and Product requirements document.
We’ve been through it before. One of our own companies launched a successful IPO. Another was acquired by Microsoft.
Your designer will work with and learn from our expert designer who has designed web and mobile applications for a number of leading companies including Microsoft.
Our head of engineering will hire, train, mentor, guide, and manage your software development team, turning them into a highly efficient team that delivers exceptional software, on time and on budget.
We’ll hire and train a QA team that will ensure that your products are extremely well-tested. Using a combination of manual and automated (Selenium) tools, your QA team will test everything.
With deep expertise in oil & gas, we know your pain. Because of this, we can quickly understand and address your business and information challenges. With a simple conversation, we can grasp your needs, turn them into software designs, and get your solution built quickly and cost-effectively.
Our expertise in software development and AI makes us the perfect partner to bring your technology stack into the 21st century with AI-native capabilities that will make your peers jealous. Schedule a conversation with our CEO about AI in oil & gas and let’s see how we can help you navigate these trying times.
