Optimizing Well Design and Operation with Technology: The Role of Machine Learning, Artificial Intelligence, Data Governance and Standardization

Abstract

Abstract In the rapidly evolving oil and gas industry, leveraging technology for optimizing well design and operations is essential. This technical paper outlines the integration of machine learning and artificial intelligence (AI) to address critical challenges in drilling operations, safety enforcement, and environmental monitoring. It also explores the importance of robust data governance and standardization facilitated by Company's DreamWell tool. Each technology application aims to enhance decision-making, increase operational and cost efficiency, and promote safety. The complexity of well operations in the oil and gas industry necessitates robust data governance and standardization to ensure efficient, safe, and sustainable practices. As time goes by, Company has developed DreamWell, an integrated tool for database management, reporting, evaluation, analysis, and monitoring of well operations. DreamWell optimizes technology to improve data governance and standardization, leading to better decision-making, operational efficiency, and regulatory compliance. This paper explores the features and capabilities of DreamWell, its impact on data governance and standardization in well operations, and its potential for future development.