Belmont Secures Repsol Investment In New Artificial Intelligence Technology

Repsol has acquired a stake in Belmont Technology, incorporating it as part of the participated strategic companies of their Corporate Venturing portfolio. The investment supports Repsol's initiatives to leverage artificial intelligence for its global energy business. Belmont Technology is developing the cloud-based Sandy platform for the Upstream Oil & Gas industry. Sandy offers unique knowledge management capabilities, continuously ingesting and structuring all types of industry data and making it consumption-ready for analytics and seamless queries in natural language. Sandy also features a breakthrough innovation; enabling real time, AI-based, simulation of subsurface scenarios from exploration risk assessment to oilfield development plans.