AI and the Future of Oil: An AI Tool to Advise Geoscientists

IBM and Galp, a Portuguese energy group with a global footprint, have developed an AI-based advisor to enhance seismic interpretation in the oil and gas exploration area. This tool can facilitate creation of enhanced geological models, risk assessment of new prospects, and optimization of the placement of new oil wells. As global energy consumption increases and much of the globe still relies on fossil fuels to supply its energy needs, the oil and gas industry is facing the challenge of finding new resources. More advanced analysis and computing are required to find and evaluate hidden sources of fuel. IBM and Galp are helping to solve that.