Up to 70% of the data in the upstream sector is unstructured, and AI tools
are capable of processing and analyzing this data, leading to better
decision-making.
AI-powered data analytics can reduce the time spent on data interpretation
by 40% to 60%.
AI algorithms are improving exploration success rates by up to 20% by
analyzing geological data and predicting the best drilling locations.
Predictive maintenance using AI can reduce unplanned downtime by 30% to 50%,
leading to substantial cost savings.
Implementation of AI in various upstream activities can lead to cost
reductions of 10% to 15%.
AI-enhanced reservoir management can result in a 5% to 10% decrease in
operational costs through improved resource allocation and usage.
AI applications in safety monitoring can decrease workplace incidents by 20%
to 30% by predicting potential hazards.