Post-Pandemic status of Petroleum Industry as well as a Petroleum Engineering Graduate
1. Whether the focus
on the extraction of
unconventional resources
from
unconventional oil/gas reservoirs
would be
the primary concern
by the petroleum industry
in 2025?
If so,
what would be
the major technical issues
that would be addressed
by the petroleum industry
following 2025?
Whether
AI
is expected to play a crucial role
after 2025?
If so,
whether all oil/gas industry
would comfortably
make use of this technology effectively?
Whether AI would
recognize and define
the technical problems
efficiently,
while also,
artificially recommending
cost-effective solutions
to reservoir management?
Are we going
to depend
completely
on AI
for solving
reservoir problems
and
to evaluate
the effectiveness of solutions as well
through AI?
If data-science/ML/AI
is going to play crucial role after 2025
(by assuming that
AI would dominate over
both probabilistic as well as deterministic solutions,
and also
AI dominating over
both data bases & knowledge bases)
whether the primary functions
of a petroleum/reservoir engineer
would change drastically
after 2025?
And, if so,
what exactly
a petroleum industry
would expect
from a fresh petroleum engineering graduate
apart from securing
traditional
(mostly) non-computerized
theoretical knowledge
that would
possibly
decelerate
the energy transition?
If a petroleum engineering graduate
is expected to focus
more on AI/data-science,
then,
how about
the graduate’s ability
on deducing
an accurate reservoir characterization (reservoir lithology, remaining oil saturation, reservoir continuity);
and towards deducing
an optimal engineering design
on drilling platforms,
extended-reach drilling and
zonal-isolation?
Also, how will
the future petroleum engineering graduates
would be able
to precisely
focus
on various technological challenges
through
reservoir surveillance (technology transfer/latest systems),
IOR/EOR (areal/vertical conformance, cost-effective process fluids),
hydraulic stimulation,
artificial lift,
automation,
materials and corrosion and
subsea completions?
2. Whether the current
oil/gas supply disruptions and
price volatility (high energy prices and record cash flow)
is just a 'temporary' phenomenon?
OR
Is it an indication of
oil/gas industry’s investments
taking diversion?
So,
oil/gas industry
would keep
enhancing their
hydrocarbon investment rate?
OR
Will keep increasing
their investment
in clean energy?
3. Whether the post-pandemic
energy equation
@ both global-scale
as well as
@ local-scale –
has really undergone
a significant readjustment
in the broader energy basket –
through striking
a balance between
energy security,
supply diversification and
low-carbon transition
as a critical function of
economic,
geo-political,
trade,
policy and
financial factors?
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