Geoteric will supply its AI software to help PETRONAS Carigali firm up new exploration prospects, with the duo also planning to collaborate on new AI-based technology developments. Geoteric, a developer of AIdriven software, has signed an agreement to strengthen its partnership with PETRONAS Carigali.
it would involve use of AI to identify new hydrocarbon prospects more quickly increase the company’s drilling success rate and speed up its exploration activities in general. Geoteric claims that its service for integration into existing geoscience workflow, has helped deliver reductions in cycle times of up to 90%, helping geoscientists take faster, better informed decisions, and ultimately providing quicker payback on seismic data investments.