PETRONAS and Geoteric Navigate Exploration with AI's Guiding Light

Petroliam Nasional Berhad partners with Geoteric to enhance energy transition and digital transformation in upstream exploration, using AI Faults and AI Horizons for subsurface geology insights.

FREMONT, CA: Aligned with the company's overarching initiative towards achieving Net Zero Carbon Emissions by 2050, Petroliam Nasional Berhad (PETRONAS) has partnered significantly with Geoteric, a global energy group. This landmark agreement focuses on leveraging Geoteric's cutting-edge AI Faults and AI Horizons technology to drive the digital transformation and decarbonisation of PETRONAS' Upstream exploration endeavours.

Geoteric is revolutionising the operational landscape of energy firms by significantly reducing subsurface project cycle times and facilitating more sustainable exploration, development, and production activities. This partnership aligns seamlessly with PETRONAS' commitment to exploring innovative approaches, ensuring energy security, and advancing the transition towards sustainable energy sources.

For PETRONAS, this partnership represents a critical step in its drive towards a more sustainable future. By embracing AI-powered exploration, the company aims to:

Reduce Exploration Risks and Uncertainties: Geoteric's AI technology provides deeper insights into subsurface geology, leading to better-targeted drilling and fewer unproductive wells. This translates to a reduction in greenhouse gas emissions associated with unsuccessful exploration.

Optimise Resource Allocation: By pinpointing potential hydrocarbon reserves with greater accuracy, PETRONAS can focus its resources on the most promising areas, maximizing efficiency and minimizing unnecessary exploration activities.

Accelerate the Energy Transition: The faster project cycles enabled by AI technology allow PETRONAS to rapidly identify and develop new energy sources, including renewable resources, contributing to a diversified and sustainable energy portfolio.

The company is honoured to collaborate with PETRONAS in advancing its forward-looking exploration initiatives and environmental, social, and governance (ESG) strategies by leveraging technology. The Geoteric AI Seismic Interpretation software seamlessly integrates with clients' existing systems, facilitating the swift realization of ambitious corporate goals.

This collaboration extends beyond mere technological integration. Geoteric's AI software seamlessly integrates with PETRONAS' existing infrastructure, facilitating a smooth transition and optimizing the value derived from the technology. This commitment to collaborative efforts and exchanging information exemplifies the forward-thinking ethos inherent in both organizations.

The partnership between PETRONAS and Geoteric in the energy sector marks a pivotal moment. It signifies a shift towards a future where technology is crucial in fostering sustainability and environmental responsibility while enhancing efficiency and profitability. Through the strategic application of AI, PETRONAS not only advances its objectives outlined in the NZCE but also sets a precedent for the entire sector, demonstrating that sustainability and innovation can coexist harmoniously.

This strategic collaboration possesses the capacity to fundamentally transform the energy sector on a global scale, extending beyond the impact on PETRONAS alone. The convergence of PETRONAS' steadfast commitment to sustainability with Geoteric's AI technology has the potential to expedite the energy transition, thereby paving the way for a cleaner and more sustainable future for the entire industry.