Webcasts

Advanced predictive analysis utilizing AI and machine learning has become the new standard in the 21st century oil and gas industry. Automated machine learning (AutoML), a technology that automates the process of machine learning training and model deployment, is the best solution for ultimate efficiency in many areas. In this webinar, learn how anyone can apply cutting-edge machine learning (ML) and use it in their production environment with AutoML technologies in an intuitive and collaborative SaaS environment. The technology grants universal AI accessibility to not only machine learning experts, but also to engineers and managers who would like to use AI to streamline their manual workflows. This presentation will demonstrate how to maximize the value of machine learning in the industry via explainable AI and machine learning-based uncertainty quantification. The information provided in the presentation benefits any data-heavy organization in the upstream, midstream and downstream sectors, as well as industries outside of oil and gas.

During this 60-minute live webcast, we will discuss the following topics: 1) “Data-Driven Asset Management Framework,” with presenter, Rajesh Bade, Risk Reliability Quality Engineer, Schlumberger. 2) “Improving Well Delivery Efficiency through AI-Powered Scheduling,” with presenter, Owen Plowman, Vice President, Actenum Corporation. 3) “The Adoption of Technology in the Oil and Gas Sector,” with presenters, Adam Gilles, Chief Executive Officer, and Lance Richardson, Chief Operating Officer, Hitched Inc.

This webcast will discuss the commercial and financial benefits available to Operators and Drilling Contractors via Managed Pressure Drilling (MPD). The program will assess the underlying technical benefits and hazard mitigation MPD brings to every drilling operation. We’ll look at real results from land and offshore around the world and consider how new technologies are changing the commercial drilling landscape at an unprecedented pace, along with their impact on tendering and rig rates. MPD brings significant financial benefits to operators, often more than drilling engineers realize, primarily because of historically limited use and academic training. Make no mistake, in today’s market conditions, MPD is the tool to answer Drilling Contractors’ immediate need to commercialize their investment.

Now in its 94th year, the World Oil Forecast/Review is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S., Canada and worldwide, this definitive industry report includes projections for spending and worldwide drilling and production, plus an analysis of political factors impacting the industry, both domestically and abroad.

In a data-driven world, a solution to provide a comprehensive overview of asset performance represents an opportunity to optimize production holistically. However, this understanding of complex systems requires the consideration of data from multiple sources in real time. Today, this data is typically scattered across several separate tools and software packages. The second challenge towards real-time data-driven production optimization is the lack of holistic models – meaning a development of a single strong mathematical algorithm, whose simulation is giving results that are based on the whole value chain with all its complexity, multiple interactions and constraints. Siemens’ development of a powerful digital twin model is at the heart of a system of real-time production monitoring and optimization. Using the integration of data, simulation and visualization of the entire value chain – from subsurface equipment to central processing facilities – production can be potentially increased by 5 to 10%.