05 Sep Researchers to use AI to unlock oil and gas data in North Sea
Researchers at the University of Aberdeen in Scotland are aiming to use artificial intelligence (AI) to unlock a ‘treasure trove’ of big data in the North Sea oil and gas industry.
The researchers hope to launch a project that will bridge the gap between the large amounts of big data available to the oil and gas sector and its ability to analyse, interpret and manage it effectively to help maximise recovery.
The Intelligent Data Quality Improver (IDQI) project, co-funded by three prominent organisations, will develop algorithms capable of performing automated analyses on digital exploration and production datasets.
“This means we can extract and interpret most of the hidden information in a matter of minutes using, among others, a range of AI techniques such as machine learning, fuzzy logic and rule-based reasoning,” said Professor Wamberto Vasconcelos from the university’s Department of Computing Science.
“This has the potential to unlock a vast treasure trove of data that is not currently exploited. Data is potentially among the most valuable assets created and owned by a business but without proper interpretation it has very little value.”
The co-funding parties are the Oil & Gas Innovation Centre (OGIC), software research and development company HyperDAP and The Data Lab, Scotland’s innovation centre for data and AI.