Published on 27 Mar 2024 on Zacks via Yahoo Finance
Chevron (CVX), Eliis Form AI-powered Seismic Modeling Venture
Chevron Corporation CVX and Eliis SAS have joined forces to develop and commercialize cutting-edge artificial intelligence (AI) for seismic interpretation. This collaboration aims to improve efficiency and accuracy in the oil and gas exploration process.
What is Seismic Interpretation and How Does AI Help?
Seismic interpretation involves analyzing seismic data to understand the structure and properties of rocks beneath the Earth's surface. This data is crucial for identifying potential oil and gas reservoirs. Traditionally, this interpretation is done by geoscientists, a time-consuming and complex process.