Artificial Intelligence Takes Shape In Oil, Gas Sector

When artificial intelligence technology intersects with abundant oil and gas seismic data, the outcome could yield a more accurate depiction of what lies beneath the surface, enabling cash-strapped drillers to better target sweet spots and maximize returns.It’s all based on algorithms that essentially teach computers how to solve complex problems—in this instance, how to quickly and accurately find subsurface faults that lead to lucrative hydrocarbon discoveries.Naveen Rao, the CEO of two-year-old startup Nervana Systems, compared the concept to the brain and its network of neurons.“Each neuron does a little bit of information processing. It combines that with the output of many other neurons, and the whole stack basically processes information that comes in through our sensors,” Rao told Hart Energy. “It’s eluded us on how to do that in a…

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