Geoteric, the global frontrunner in AI-powered seismic interpretation solutions, is pleased to announce that leading independent energy company, Perenco has signed a deal to continue usage of its Geoteric AI licenses.
(Left to right) David Macaulay, VP Sales & Strategic Partnerships, Geoteric, Harry Whittaker, Business Development Geoscientist, Geoteric, Paul Wilson, Senior Geophysicist, Perenco, Max Shaw-Champion Chief Geophysicist, Perenco and Ville Kalijarvi, Business Development Manager, Geoteric
The continued partnership supports Perenco’s exploration and development projects across offshore Africa, South America, and beyond, further strengthening its commitment to leveraging advanced geoscience technologies for efficient and informed decision-making.
Perenco’s renewal underscores the company’s recognition of the value delivered by Geoteric AI seismic interpretation tools, enabling asset teams to accelerate subsurface understanding, enhance reservoir characterization, and improve production and reserves.
'We’re delighted that Perenco has chosen to extend its partnership with Geoteric,' said David Macaulay, VP Sales & Strategic Partnerships, Geoteric. 'Their confidence in our AI Seismic Interpretation suite highlights the growing role of AI in transforming geoscience workflows. Together, we’re enabling geoscientists to make faster, more accurate decisions and unlock greater value from their assets.'
Perenco has already publicly accredited Geoteric’s solutions to its success in improved history matching and subsequent enhanced hydrocarbon recovery. Geoteric AI Fault Interpretation was attributed to detecting fault lineaments not previously interpreted to help explain fluid flow in a mature field, offshore Cameroon.
'Geoteric’s AI and interpretation tools have become an integral part of our exploration and development workflow,' said Max Shaw-Champion, Chief Geophysicist, Perenco. 'They provide the clarity and efficiency we need to make confident decisions, no matter the geology. This continuation of the partnership reflects our continued trust in Geoteric’s AI technology and the results it helps us deliver.'
This renewed commitment reflects a shared vision between Geoteric and Perenco: combining human expertise with cutting-edge AI to enhance understanding of the subsurface.
About Geoteric
Geoteric is a world-leading AI seismic interpretation software company with applications across the energy industry.
With over thirty years of experience innovating and delivering best-in-class subsurface technology solutions to Energy companies, in recent years the software has been enhanced with revolutionary, first-to-market AI technology to achieve an unprecedented visualisation of the subsurface, faster than ever before, helping operators to: de-risk future well placement, fast track assets, boost production and reduce environmental impact.
Geoteric offers software and services to the Energy sector and has successfully worked with companies to adopt AI into their seismic interpretation workflows as well as delivering over 500 AI projects to its growing global customer base.
Source: Geoteric
