Downstream Optimization
Oil & Gas Drilling, Transportation, Refining
Oil refineries use water in huge volume in the processing of crude oil and gas. An American digital oilfield solutions company, Digital H2O has developed predictive algorithms based software system that is providing solutions for water management in the oil and gas industry.
Cloud-based services also help distributors by analyzing data effectively and increasing modeling speed for forecasting revenues.
Benefits for the company
Advanced analytics is used to develop a smart forecast and flow method to identify the underlying pattern in production data and to forecast the production performance to improve operation efficiency.
Feasability
High
Type of expertise/ AI domain
Advanced Analytics, Machine Learning and Statistics
Internal data required
Production data