Machine Learning in the Oil and Gas Industry: Including Geosciences, Reservoir Engineering, and Production Engineering with Python

© Yogendra Narayan Pandey, Ayush Rastogi, Sribharath Kainkaryam, Srimoyee Bhattacharya, and Luigi Saputelli 2020

Y. N. Pandey et al.Machine Learning in the Oil and Gas Industry https://doi.org/10.1007/978-1-4842-6094-4_1

1. Toward Oil and Gas 4.0

Yogendra Narayan Pandey¹ , Ayush Rastogi², Sribharath Kainkaryam¹, Srimoyee Bhattacharya¹ and Luigi Saputelli¹

(1)

Houston, TX, USA

(2)

Denver, CO, USA

 

Energy is one of the fundamental needs for sustaining modern human life. In the year 2016, global energy demand was 552 quadrillion British thermal units (quads). Out of this, 177 quads were supplied by oil, and 127 quads were supplied by gas. This indicates that 55% of global energy demand in 2016 was supplied by the oil and gas industry [1]. It is also anticipated ...