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- W3033591791 abstract "The offshore oil and gas sector has over the decades come to be defined by megaprojects with 30-to-40-year project horizons. But the future of offshore development will depend on the industry’s ability to find innovative ways to cut costs and slim the capital requirements. Many examples were to be shared with oil and gas professionals at the 2020 Offshore Technology Conference (OTC) in Houston. However, due to the COVID-19 pandemic, this year marked the first time that OTC was cancelled since its inauguration in 1969. Despite the global disruption, the flow of ideas continues. As proof, what follows is a curated summary of some of the papers that were to be presented at OTC. They were selected for their focus on emerging technologies and unique concepts that aim to reduce the cost burden long associated with offshore exploration and development. Their state of maturity ranges from proof of concept to fully deployed. Offshore Adoption of Predictive Analytics Among the most dominant technology arenas in the oil and gas industry’s digital transformation are fast-emerging machine-learning programs that enable predictive analytics. This paper (OTC 30782), produced by software developer Spark Cognition, offers two case studies that show how machine learning is being adopted in the offshore sector." @default.
- W3033591791 created "2020-06-12" @default.
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- W3033591791 date "2020-06-01" @default.
- W3033591791 modified "2023-09-25" @default.
- W3033591791 title "OTC 2020 Tech Papers Offer a Look Into the Future of Offshore" @default.
- W3033591791 doi "https://doi.org/10.2118/0620-0035-jpt" @default.
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