Chevron (CVX), Eliis Form AI-powered Seismic Modeling Venture [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
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. Chevron brings expertise in AI algorithms for automated fault detection, while Eliis offers its advanced seismic interpretation platform, PaleoScan. By combining these strengths, the collaboration aims to — Reduce interpretation time: Chevron's AI can automate fault detection, freeing up geoscientists to focus on more complex tasks. This could potentially reduce the interpretation time by a significant margin. Increase accuracy: AI algorithms can analyze vast amounts of data with unmatched detail, leading to more accurate geo
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