What Do Oil and Gas Executives Need to Know About AI?

AI tools are used in upstream operations to analyze drill sites based on seismic data, assessing for efficiencies in operations and carbon emissions.

AI analyzes equipment data to pinpoint potential failures,& preventing costly downtime and ensuring smooth operations.

An AI-based energy demand forecasting application is enabling facility managers to avoid peak charges and time their energy usage more effectively.³

AI is being used to better predict downtime at facilities and pipelines upstream, so shutdowns have less of an impact on workers and the supply chain.⁴

AI analyzes sensors and video footage to predict hazards, prevent accidents. AI scans video to spot unauthorized personnel in sensitive areas, ensuring only authorized personnel are in zones they are approved to be in, and ensure the well-being of personnel and infrastructure.

By 2027, IDC predicts 60% of oil and gas majors will use edge computing tools to collect data from real-time video surveillance and analytics to improve site security and safety management.⁵ This data is perfect for predictive AI models.

With the right mix of public, private, and hybrid AI solutions, data segmentation and isolation can be scaled, controlled, and maintained, for increased security and privacy.

AI is also helping with supply chain transparency, process optimization, resource allocation, compliance and regulatory adherence, and the creation of documentation

AI is helping to detect and solve shrinkage issues, making inventory management much more efficient.

This transparency extends throughout facilities and stores with smarter controls over lighting, HVAC systems, and refrigeration.

Microsoft Copilot is bringing generative AI to energy administration by effortlessly kickstarting projects, delivering insights, and summarizing long documents.

Combining behavior and preferences from loyalty programs, in-person transactions, and online transactions can help shape future interactions with personalized promotions, rewards, and videos at the pump.

AI-based chatbots are creating more personalized, knowledgeable, and empathic customer support – from anywhere at any time, no matter what the demand.

Real-time data from traffic and behavioral patterns can help predict demand fluctuations to better manage supply.

Market trends and customer behavior can reveal new products and services your customers want, new locations to best fit your customer base or skilled workforce, and partnership opportunities you didn’t know existed.

Point solutions are narrow, single-point automation of simple tasks. This is a way to incorporate AI in less resource-intensive and very specific circumstances.

Use case-targeted solutions are process- or problem-focused automation that are moderately resource-intensive and tend to be rolled out from team to team within an organization when successful.

Transformative solutions are holistic changes across an organization, requiring the greatest resources and coordination.

Do they have a process to evaluate your AI readiness? This can include examining your use cases, data quality, infrastructure scalability, and the people and process available in your organization.

Do they have a process to implement purpose-built AI, with global partners to make the implementation as custom as necessary?

Do they have physical locations where they can evaluate solutions, execute proof of concepts (POCs), and optimize configurations?

Do they have guardrails in place to ensure your AI implementation is used fairly, ethically, and responsibly?

Do they have solutions and services available to manage resources and address gaps as you implement your AI?

Do they have partnerships with industry leaders?

Lenovo Reference Design for Generative AI delivers a fully integrated Lenovo ThinkSystem solution, purpose-built to implement AI.

Four Lenovo AI Discover Labs help you evaluate solutions, execute proof of concepts (POCs), and optimize configurations for AI solutions.

Lenovo has an ecosystem of AI partners and an AI Innovators Program to vet each company before they become a partner. The AI Innovators Program includes more than 150+ turnkey AI solutions to accelerate development and implementation.

Lenovo offers Windows 11 Pro devices for built-in AI features to strengthen security, simplify workflows, improve communications, and power accessibility.

The Lenovo Responsible AI Committee helps ensure that AI is used fairly, ethically, and responsibly.