Oil & Gas Industry Transforming Itself with the Help of AI

The oil and gas industry is turning to AI to help cut operating costs, predict equipment failure, and increase oil and gas output. A faulty well pump at an unmanned platform in the North Sea disrupted production in early 2019 for Aker BP, a Norwegian oil company, according to an account in the Wall Street Journal. The company installed an AI program that monitors data from sensors on the pump, flagging glitches before they can cause a shutdown, stated Lars Atle Andersen, VP of operations for the firm. Now he flies in engineers to fix such problems ahead of time and prevent a shutdown, he stated. Aker BP employed a solution from SparkCognition of Austin, Texas.