Applications of AI in Oil Well Surveillance

Abstract

the oil industry is one in constant need of development and technological advancement. Declining oil field productivity as well as volatile oil prices, particularly after the last market crash, will always put pressure on the entire industry to innovate continuously. Although active applications of AI and 4.0 practices are considered relatively behind other industries, there are a few fields in which the oil industry can benefit from AI and the latest in 4.0 advancements. Particularly in the field of oil well surveillance, an innovative approach to diagnosing oil well problems was discovered only two years ago. By treating these wells chemically, millions of dollars in revenue have been gained at a negligible cost, and AI is being used to understand how it all works. This paper will discuss in detail the added value of automation, innovation in well surveillance, and the use of machine learning algorithms to improve our management of oil well emulsions.