Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for seismic interpretation, subsurface characterization, and modeling.
Leveraging its experience in hydrocarbon exploration and production, Chevron has developed advanced AI algorithms for seismic interpretation, subsurface characterization, and modeling.
Eliis’ PaleoScan, a geoscientific interpretation platform, has integrated access to algorithms for managing, visualizing, and analyzing subsurface data.
Under the collaboration agreement, Chevron’s AI models for automated fault detection will be merged with Ellis’ seismic interpretation techniques to reduce the time required for structural interpretation across various geological environments.
The collaboration will enable Chevron to incorporate its AI technology into the geoscientific interpretation platform. On the other hand, it will provide Eliis’ customers with access to both Chevron’s AI advancements and improved interpretation workflows.
“Combining cutting-edge AI technology, developed and tested by Chevron, with the power of automation in PaleoScan, will offer a complete robust solution to the market for advanced seismic and geological interpretation. This could potentially pave the way for a complete automated workflow from seismic to simulation,” said Francois Laferriere , Eliis’s Chief Revenue Officer.
“Solutions like this are also crucial for carbon sequestration studies, where comprehensive fault interpretation is a requirement to fully assess a potential storage site’s seal integrity and any associated risk of CO2 breaching to surface through conductive faults. Our combined approach ensures a level of detail and rigor that could help enable future project success.”
Recently, Chevron New Energies has signed a memorandum of understanding with JX Nippon, providing the framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture and storage projects in Australia and other countries of the Asia Pacific.