The oil and gas industry is in the middle of a massive digital overhaul. Artificial intelligence (AI) is rapidly changing everything, from finding new resources and drilling wells to managing production and day-to-day operations. Facing rising costs, unpredictable markets, and pressure to cut emissions, energy companies are increasingly turning to AI to boost efficiency, increase output, and enhance safety. What began as a cautious approach to AI has quickly become a full-on sprint towards digital transformation. Supermajors like BP plc BP, Chevron CVX, ExxonMobil XOM and TotalEnergies TTE are now using AI to gain competitive advantages that seemed impossible just 10 years ago. So what are the AI revolution in oil & gas happening now?
BP and Palantir: The Power of Digital Twins
British oil major BP is a prime example of a leader aggressively using AI across its operations. At the heart of this strategy is a decade-long partnership with software maker Palantir Technologies PLTR. Together, BP and Palantir have built a sophisticated digital copy — or digital twin — of BP’s global oil and gas infrastructure. This includes operations in key areas, such as the Gulf of America, the North Sea, and Oman’s Khazzan gas fields. This digital twin brings together data from over two million sensors, giving BP a real-time view of its physical assets.
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Source: yahoo!finance
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