Improving Offshore Production with AI-Based Predictive Analytics
One major oil platform operator faced significant bottlenecks in their fluid separation process with a direct impact to production. Annually, it observes 5 to 10 unique failure events which result in an estimated 10-15% downtime and up to $8M in lost production per event.
Within three months, SparkCognition had completed the unsupervised models that characterized the system behavior over the two years of given data.
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