Bluware Corp., the digital innovation platform that enables the oil and gas industry to accelerate digital transformation initiatives using deep learning, has inked a new agreement with BP on June 1. Bluware’s technology will help BP to improve quality and speed when delivering seismic interpretation products.
“BP recognizes the significant impact advances in digital technology can bring and we are pleased to implement Bluware InteractivAI, a new and innovative deep learning technology, augmenting our geoscientists' ability to accelerate subsurface data interpretation,” Ahmed Hashmi, upstream chief digital and technology officer at BP, said.
Large seismic data sets are difficult to move and use in workflows and time consuming to interpret. InteractivAI, powered by Bluware Volume Data Store (VDS) cloud-native data environment, enables the acceleration of detailed interpretation tasks. With this tool geoscientists can now train and correct deep learning results interactively, significantly improving structural interpretation workflows.
“We are excited to be a part of BP’s digital innovation goals in delivering significant value and a better user experience across their subsurface workflows,” Dan Piette, CEO of Bluware, said.
Recommended Reading
Tallgrass Energy, ADM Plan Carbon Transport and Sequestration Deal
2022-05-18 - The pipeline will connect to Tallgrass' recently announced CO2 sequestration hub in eastern Wyoming.
Diamondback Energy to Acquire Rattler Midstream in $575 Million Roll-up
2022-05-16 - “This merger will allow both companies to benefit from the simplicity and scale of the combined entity going forward,” says Diamondback Energy CEO Travis Stice.
SilverBow Closes Acquisition of Carnelian-backed Eagle Ford Operator SandPoint
2022-05-12 - SilverBow had announced in April it had entered separate agreements to acquire certain assets from SandPoint Operating and substantially all of the assets of Sundance Energy for a combined $440 million including continent payments.
US Oil Pipeline Operators Gear Up for Higher Shale Output
2022-05-11 - Analysts predict that operators could reach pre-pandemic crude oil production outputs by October 2022, with Permian Basin production expected to rise 5.7 MMbbl/d next year.
Aris Water Solutions Strikes Deal with Chevron in Permian Basin
2022-05-10 - Under the new agreement, Aris Water Solutions will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin of the Permian.