PTAC Member Event: Embracing AI and Machine Learning on the Road to Operating by Exception in Upstream Oil and Gas

PTAC invites all members to an exclusive hybrid workshop hosted in collaboration with Akinê, on March 1, 2023, from 8:00 am to 9:00 am. Join Krzysztof (Kris) Palka, founder and CEO of Akinê Inc, as he outlines the use of artificial intelligence (AI) and machine learning (ML) in the upstream oil and gas industry has the potential to revolutionize the way operations are managed, allowing companies to move towards “Operating by Exception” (OBE). OBE is a paradigm in which the system is able to detect and respond to abnormal situations automatically, reducing the need for human intervention and increasing efficiency. This workshop will explore the various applications of AI and ML in the upstream industry, including well monitoring and optimization, reservoir management, and prediction of equipment failures. The benefits of implementing AI and ML in upstream operations, including increased safety and efficiency, are also discussed. Additionally, this workshop will examine the challenges that must be overcome in order to fully realize the potential of AI and ML, such as data availability and quality and the need for a skilled workforce. Overall, this hybrid event presents a compelling case for the adoption of AI and ML in the upstream oil and gas industry as a means to achieve OBE and improve overall performance.