More digitization by 2020 in E&P – Investing into data analytics, machine learning, and artificial intelligence

How Apache had used machine learning to possibly replace manual production
forecasting for unconventional wells in a pilot involving both the Bakken formation and
Permian Basin. Also, Norwegian producer plans to invest $240 million in digitalization efforts by 2020, establishing a center to coordinate
and manage these efforts companywide. The center will have units dedicated to data analytics, machine learning, and artificial intelligence.

Oil companies invest in digitalization

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