PGS has signed an agreement with a MPE (a JV of Mitsui and Preferred Networks Inc) to develop artificial intelligence (AI) driven solutions to improve accuracy of subsurface images and reduce turnaround time.
PGS has signed an agreement with a MPE (a JV of Mitsui and Preferred Networks Inc) to develop artificial intelligence (AI) driven solutions to improve accuracy of subsurface images and reduce turnaround time.
The companies will target improving subsurfacing imaging for oil and gas, carbon capture and storage, as well as for geothermal energy and offshore wind power.
PGS will contribute seismic data from its company’s global multi-client data library along with technical expertize, while MPE will lead the AI algorithmic development within a modern, scalable compute infrastructure. The collaboration aims to significantly reduce turnaround time needed to generate images of subsurface structures while improving accuracy.
Artem Lytkin, vice-president of New Energy Business Development at PGS, said: ‘We seek to develop and deploy artificial intelligence methods to further strengthen our data processing and interpretation workflows.’
Yasuchika Maruyama, general manager, E&P Division, Energy Business Unit I of Mitsui said: ‘We look forward to combining our respective areas of expertise, to apply the power of digital technology to help create a more sustainable energy industry to the benefit of society.’
