"Artificial intelligence" might just win the prize for the buzziest buzzword—especially in the energy sector.
Talk of AI is reaching a feverish high, and its ability to handle the massive amounts of data gathered from oilfield operations have players like Houston-based software developer Corva capitalizing on what some see as the next big thing to optimize the oil patch.
“If we’re collecting all of the data being generated by drilling operations: both streaming data; WITSML [well-site information transfer standard markup language] data; vibration data; RSS [rotary steerable systems]; and all your static data, such as fluids, reports, surveys, so on and so forth… Potentially, we have a good data set to be able to build some AI stuff on top of it,” William Fox, general manager for drilling at Corva, said during Hart Energy’s SUPER DUG Conference & Expo.