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From predictive maintenance and real-time data analysis to neural search and AI data extraction for back-office processes, AI is revolutionizing how we explore, extract and manage our oil and gas resources. Automating the collection and processing of procurement documents streamlines operations, enhances accuracy, and improves efficiency.
From predictive maintenance and real-time data analysis to neural search and AI data extraction for back-office processes, AI is revolutionizing how we explore, extract and manage our oil and gas resources. Automating the collection and processing of procurement documents streamlines operations, enhances accuracy, and improves efficiency.
This surge in output has frequently led to capacity constraints, with operators facing choices like flaring gas, paying to dispose of it during negative pricing events, or cutting crude production. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas from the Permian to Katy, Texas.
About the authors This article is a collaborative effort by Ahsan Saeed, Ani Kelkar , Christian Jansen , Jonathan Tilley, and Mark Patel , with Michael Chui , Jan Poblocki, Matt Webster, Sarthak Vaish, and Sitos Nepal, representing views from McKinseyâs Advanced Industries and Operations Practices. What are the challenges?
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