Gas compressibility factor plays an critical role in petroleum engineering applications such as gas metering, pipeline design, reserve estimation, gas flow rate, material balance calculations, and many other significant tasks. Therefore, it is crucial to accurately estimate the gas compressibility factor. There have been a lot of studies on calculating the gas compressibility factor from laboratory data, which can be summarized into two main approaches: statistical correlations and machine learning algorithms. In this study, on statistical correlations the authors implement explicit and implicit method while on machine learning algorithms, we use Artificial Neural Network (ANN) and Least-Squares Support Vector Machine (LS-SVM). The data was collected from open literature. Implementing the two approaches mentioned above and comparing statistical parameters such as Mean Squared Error (MSE), Root Mean Squared Error (RMSE), and Coefficient of Determination (R2 ) found that machine learning algorithms give much more accurate estimation results than statistical correlations, and besides, the ANN algorithm has the most accurate prediction results with the lowest MSE and RMSE (0.000002 and 0.0016) and the highest R2 (0.9999). The high-precision calculation results show that the ANN algorithm mentioned above can be applied to estimate other real gas compressibility factor data sets. On the other hand, this study can be extended to another subset of machine learning algorithms, such as deep learning and ensemble learning.
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