My Personal Statement
My Personal Statement
Despite a slow start, oil and gas companies now seem eager to adopt all sorts of digital technology
to keep costs low and boost efficiency. The application of AI technologies seems to be the next step
for the industry, as it continues to seek solutions to boost growth.
Oil and gas is a huge industry made up of three major operational sectors: upstream (exploration
and production), midstream (transportation and storage) and downstream (refining and selling).
Today, with the help of advanced sensors and software powered by AI, businesses are able to not
only process a large amount of data but also output real-time responses on the best course of action.
AI tools can help oil and gas companies digitize their records and automate the analysis of
geological data charts. Over time, these records can help identify issues like pipeline corrosion.
Most drilling and production wells are located in remote areas, which means sending workers there
significantly increases costs. Oil well operators usually generate daily reports on inspection and
maintenance operations on site; these reports are semi-structured. Oil and gas companies can now
use AI technologies (computer vision) to extract data from these documents automatically.
Other AI-based analytics can help companies better utilize the large amounts of data – production
process data, drilling operations data, pipeline inspection data – collected from their plants daily.
These analytics, ultimately, reduce the cost of exploring, extracting, processing and delivering oil.
AI also has the capabilities to help companies map and analyze the seismic activity in a potential
oilfield. Utilizing an AI assistant can also help workers make safety-critical decisions in real time
and handle the ever-growing complexity of engineering systems. AI can also help companies make
better, faster drilling and blasting decisions.
This I believe will only be fulfilled if I could reach an institution of higher learning which enjoys
worldwide repute and that encourages multicultural diversity in its student body as well as
promoting the needs of students of modest backgrounds.
Nigeria is a developing country with an enormous potential in the information technology business.
To serve the needs of its oil & gas industry, application of AI is going to become of utmost
importance.