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 .
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 Eggleton 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. Existing tools, such as metering, well and subsurface models and production accounting, can all be used to create self-service operational intelligence programmes, which would then provide a foundation for AI development, he said.