Optimizing ESP Operations with AI and Machine Learning to Improve Well Performance

At the 2022 Machine Learning in Oil and Gas Conference, SoftServe’s Director of AI and Data Science Iurii Milovanov and Vital Energy’s Principal Data Scientist David Benham presented on how AI and ML applications can improve oil and gas production and discussed the challenges learned from building a ML solution for ESP optimization.

Manual ESP monitoring and management is time-consuming, expensive, and prone to human errors. Intelligent technologies can take the complexity out of operating ESPs helping recognize problems, identify opportunities, and optimize production rates.