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_8

8. Opportunities, Challenges, and Future Trends

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

(1)

Houston, TX, USA

(2)

Denver, CO, USA

 

During the next three decades (2020 to 2050), gross domestic product (GDP) per capita is expected to increase an average of 2% to 4% per year. Because of the shifting of many manufacturing sites to Africa, South Asia, and India, non-OECD countries will experience two to four times more growth than OECD countries [1]. The oil and gas industry ...