WHAT'S LYING AHEAD FOR OILAND GAS IN 2021?

摘要

OIL AND GAS companies have increasingly been deploying artificial intelligence (AI) since the shale bust in 2015-2016 to improve operational efficiency and avoid bankruptcy. According to ResearchAndMarkets analysis, AI in the oil and gas market was valued at US$2bn in 2019 and is expected to reach US$3.81bn by 2025, at a CAGR of 10.96% over the forecast period from 2020-2025. As the cost of IoT sensors declines, many major oil and gas organisations are bound to start integrating these sensors into their upstream, midstream and downstream operations, along with Al-enabled predictive analytics.