The oil and gas industry, once reliant on manual methods and traditional tools, is undergoing a major transformation with the introduction of AI. Historically, seismic maps, intuition, and pen-and-paper tracking were essential for exploration and production. However, AI is revolutionizing the sector, with applications spanning from oil exploration to production and logistics. This shift is driving efficiency, innovation, and security across the industry.

The oil and gas AI market is expected to grow at a CAGR of 11.68%, reaching USD 5.17 billion by 2029. More than 92% of companies in the sector are already investing in AI or plan to do so in the near future. AI's integration is not only enhancing operational strategies but also driving new levels of creativity and effectiveness, marking a pivotal moment in the industry's evolution.

Read the full blog, AI in Oil and Gas: How Artificial Intelligence Reshapes Oil & Gas Businesses

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