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We all share the view that the integration of artificial intelligence (AI) and machine learning technology is revolutionizing the offshore industry. Artificial intelligence could enhance real-time data analysis and forecasting, alongside safety compliance monitoring and environmental effect evaluations.
The offshore energy industry delivers energy to billions of people worldwide. As the drive for clean and renewable energy sources expands, artificial intelligence can assist governments in meeting their carbon-zero objectives. Companies are surfing for answers that minimise their environmental effect while still providing the energy that the world requires.
AI may assist with analysing seismic data and geological information more accurately and efficiently.
Predictive analytics, enhanced productivity, reliability, and cost-effectiveness of offshore production may assist the energy industry stakeholders in accomplishing financial goals, as demonstrated by Abu Dhabi National Oil Company's (ADNOC) usage of artificial intelligence earned $500 million in added value last year.
Sometime back I evaluated the @Forrester and @McKinsey report, which illustrates an annual AI-driven uplift of around $300 million in the Hydrocarbon industry. With 50% of oil and gas majors indicating they have begun utilizing AI to assist address challenges, they are on the right track to attain 100%.
Presently, it's time for the offshore renewable industry to implement AI effectively. Over £11.3bn is estimated to be spent on infrastructure over the next decade worldwide.
Let's patiently see if AI has all of the remedies to render offshore energy more sustainable!
