Artificial intelligence should be seen as one tool among many , rather than as a panacea for operational inefficiencies at the equipment / well level , according to Grant Smith of P2 Energy Solutions . The industry can use artificial intelligence to streamline processes and improve performance , but AI can be time - consuming to train and lack resilience to change , he said . Not only is there a ton of data that has a ton of value to any engineering function or optimization activity (the old adage of “you can’t optimize what you don’t measure”), but it also is disjointed in most cases because disparate systems are used to capture it. Other tools , such as metering , well and subsurface models and production accounting , can all be used to create self - service operational intelligence programmes , which can then provide a foundation for AI management , he said .
Artificial intelligence should be seen as one tool among many , rather than as a panacea for operational inefficiencies at the equipment / well level , according to Grant Smith of P2 Energy Solutions . The industry can use artificial intelligence to streamline processes and improve performance , but AI can be time - consuming to train and lack resilience to change , he said . Other tools , such as metering , well and subsurface models and production accounting , can all be used to create self - service operational intelligence programmes , which can then provide a foundation for AI management , he said .