AI to drive offshore, downstream, LNG operations by 2030 – IOC

By Emmanuel Marculay, Texas

As Industry operators continue to strive towards the global technology advancement in a bid to ease costing, there are indications that the International Oil Companies, IOCs are projecting a strong transition to Artifcial Intelligence in their operations by 2030.

The development, however, may put Nigeria’s economy to downturn as unemployment may rise if it fails to up its game in developing other areas of its natural resources.

They also blamed lack of policies and political will to Nigeria’s current realities and its inability to attract foreign investment as well as investors to the petroleum industry.

These were the views of operators and experts at the ongoing Offshore Technology Conference, 2021, held in Houston, Texas, USA