How is artificial intelligence helping assist companies during oil drilling decline?

Source Domain: tech.yahoo.com

Oilfield technology innovations are enabling productivity increases even with fewer drilling rigs and resources.
The U.S. rig count decreased from 590 to 544 rigs year-over-year as the industry adapts to slower drilling despite new tech.
The oil and gas sector is facing significant labor shortages, particularly among older and specialized roles.
Richard Zamora highlights that companies are becoming more selective and efficient with workforce reductions and are employing AI solutions to enhance operational efficacy.
AI Driller’s business intelligence software helps in strategic planning and real-time updates on drilling operations, an asset not previously widely available in the industry.
Despite operational challenges, companies like AI Driller are making it feasible to maintain productivity in oil production.

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