ARTIFICIAL INTELLIGENCE METHODS APPLICATION IN OIL INDUSTRY
Authors:
Gadi Vinay Kiran,Dr.V.Bhaskar Murthy
Page No: 491-496
Abstract:
This article explores the application of artificial intelligence (AI) techniques, specifically artificial neural networks and support vector machines, in the oil and gas industry. It examines three key areas where these technologies are utilized: geological data interpretation, price forecasting, and flow regime prediction. AI-driven methods enhance efficiency in both exploration and production, enabling better results with reduced costs. In the evolving landscape of the energy and mining sectors, leveraging AI and data-driven approaches is crucial for optimizing operations. The integration of data mining techniques at every stage of oil production further strengthens decision-making and operational effectiveness.
Description:
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Volume & Issue
Volume-14,Issue-4
Keywords
Keywords—artificial intelligence, neural networks, oil and gas industry, data mining, price forecasting.