How Algorithms Are Taking Over Big Oil

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How Algorithms Are Taking Over Big Oil
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With the help of artificial intelligence, BP says it needs 40% fewer workers to keep its natural gas flowing in Wyoming

BP decided to see what would happen if the AI system was given free rein to essentially tweak the knobs and levers at Wamsutter. BP estimates the methane vented from the field is down 74% thanks to better monitoring and maintenance. Gas production rose 20% using the AI-powered system, and costs fell 22%. Jobs have started to change as a result. “Now field techs are getting trained in Linux and Python,”Shell's Olympus , Mars and Ursa platforms in the Gulf of Mexico.

The results are striking. Add in all the tech advances since 2015, and Shell says it can now drill oil wells in 60% of the time for 40% of the cost. Working 14 straight days of 12-hour shifts on a platform in the middle of the ocean is not a job for everyone, especially in regions like the frigid, storm-wracked North Sea. “We can prevent a lot of people from having to come offshore,” says Wael Sawan, Shell’s deepwater chief.

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