Abstract
The article discusses the specifics of the impact of the introduction of artificial intelligence on the oil industry. The development of shale production a few years ago radically reshaped the landscape of the oil and gas market, and now it may be changed by artificial intelligence (AI) and work with big data (Big Data). Major players are already realizing that without technological advancement, their business will be left behind. Accenture has found that 36 % of the world’s oil companies are now actively using Big Data technology, and another 38 % intend to adopt it in the next 3–5 years. The potential of AI is aimed at helping companies identify promising wells, automate drilling processes and make production as efficient and cost-effective as possible. The oil and gas industry has amassed large amounts of complexly structured data from oil and gas field development, but many companies are barely utilizing it. With the help of data analytics, the oil industry can discover new opportunities for production and better utilize existing infrastructure.
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