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Record W2918719829 · doi:10.2118/0319-0033-jpt

What Does the Data Revolution Offer the Oil Industry?

2019· article· en· W2918719829 on OpenAlexaff
V. S. Suicmez

Bibliographic record

VenueJournal of Petroleum Technology · 2019
Typearticle
Languageen
FieldEngineering
TopicReservoir Engineering and Simulation Methods
Canadian institutionsImpact
Fundersnot available
KeywordsMindsetMandateBig dataPetroleum industryFossil fuelBusinessIndustrial organizationInvestment (military)MarketingNatural resource economicsEconomicsEngineeringComputer science

Abstract

fetched live from OpenAlex

Special Section: The Value and Future of Petroleum Engineering The need to understand the future trends of the oil industry has never been greater than it is today. Throughout the history of the oil industry, technology and innovation have made a significant contribution by pushing the boundaries to enable a continuous expansion in production, increasing reserves, and capital efficiency. In the years to come, with the world’s conventional reserves declining, energy companies will inevitably have to move into more challenging and remote locations to explore and produce hydrocarbons. Therefore, the role of innovation and, more specifically, data-science-derived technologies will likely become the key to shaping the future of the oil and gas sector. In fact, there are ample opportunities for oil and gas companies to use Big Data to get more oil and gas out of hydrocarbon reservoirs, reduce capital and operational expenses, increase the speed and accuracy of investment decisions, and improve health and safety while mitigating environmental risks. It is worth mentioning that although the so-called “disruption mandate” faced in every industry, including oil and gas, is not new, its current speed and complexity will foster an adaptive mindset while maintaining its business practices—the key not only for success but also for survival in the age of the digital transformation. Technological advances, such as increased use of Web-based platforms and cutting-edge data-acquisition technologies such as sensors, have made it possible to generate a staggering amount of data in the industry—the aforementioned Big Data—often which is not used efficiently or effectively. One of the key enablers of the data-science-driven technologies for the industry is its ability to convert Big Data into “smart” data. New technologies such as deep learning, cognitive computing, and augmented and virtual reality in general provide a set of tools and techniques to integrate various types of data, quantify uncertainties, identify hidden patterns, and extract useful information. This information is used to predict future trends, foresee behaviors, and answer questions which are often difficult or even impossible to answer through conventional models. Automation, which is derived from Big Data analytics, is a huge step in the direction of improving data science in the immediate future. This evolution holds added benefits such as improving operational efficiency, reducing operational costs, increasing speed, and enhancing self-service modules. The need to automate business processes with the goal of improving functionality and increasing efficiency will be the main driver for the increased adoption of data sciences in the industry. A significant potential for automation exists because it can serve as an ideal aid to daily operations. Many areas where automation can make an immediate and lasting difference for the oil and gas sector include identifying new well targets, improving drilling efficiency, optimizing artificial-lift systems, and monitoring onshore and offshore pipelines and other relevant facilities.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.455
Threshold uncertainty score0.567

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.017
GPT teacher head0.269
Teacher spread0.252 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2019
Admission routes1
Has abstractyes

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