What's Happening?
Petronas Carigali Sdn. Bhd., the upstream arm of Malaysia’s state-owned Petronas, has entered into a strategic partnership with Geoteric, a leader in AI-driven seismic interpretation. This collaboration aims to accelerate the adoption of artificial intelligence in hydrocarbon exploration, enhancing decision-making and project execution across Petronas Carigali’s global portfolio. Geoteric’s AI-powered software integrates into existing geoscience workflows, reducing cycle times and improving drilling success rates.
Why It's Important?
The partnership between Petronas and Geoteric underscores the growing importance of AI in the energy sector, particularly in exploration activities. By leveraging AI technology, Petronas can improve efficiency, reduce costs, and enhance its competitive edge in the global energy market. This move reflects a broader industry trend towards digital transformation, where companies are increasingly adopting advanced technologies to optimize operations and drive innovation.
What's Next?
Petronas Carigali will deploy Geoteric’s AI technology across its operations worldwide, focusing on standardizing project execution and creating long-term value. The partnership is expected to foster further innovation in geoscience technologies and workflows, positioning Petronas at the forefront of digital transformation in the energy sector.
