Surajdeen Afolabi: Artificial Intelligence and Robotics in Oil and Gas Production

Surajdeen Afolabi, an oil and gas professional indicates that the future of oil and gas is coming. Thanks to new technologies such as horizontal drilling, hydraulic fracturing, and high-pressure injection, producers have been able to access previously inaccessible oil deposits. Surajdeen Afolabi points out that this has drastically lowered the cost to extract oil from shale formations. In addition, artificial intelligence is being used in the production process to track oil market prices, analyze data, and forecast demand for oil. This is a significant development, as it allows oil market participants to respond to market changes faster than ever before.


Artificial Intelligence and Robotics in Production

Surajdeen Afolabi shares that the oil and gas industry is seeing rapid adoption of artificial intelligence in the production process. Providers are effectively automating certain production tasks, such as drilling. However, AI is not only a boon for producers, it is making its mark on the oil market as well. Artificial intelligence is being used to track oil market prices, analyze data, and forecast demand for oil. This is a significant development, as it allows oil market participants to respond to market changes faster than ever before. As the production process becomes more automated, it opens up new production avenues. Artificial intelligence will help producers explore untapped oil deposits and tap into hydrocarbon resources that were once deemed too difficult to access.