Geolog International, a global provider of wellsite surface logging services to the oil, gas, and geothermal industries, and subsurface data analytics, machine learning, and artificial intelligence (AI) company Petro.ai have announced a strategic partnership to deliver machine-learning- and AI-based data science and predictive products and services to the global energy industry.
“Our clients have a ferocious appetite for receiving quality, structured, analytics-ready data and predictive products,” said Richard Calleri, CEO and owner of Geolog. “Partnering with Petro.ai allows us to deliver additional value to our customers by accelerating
and significantly expanding our portfolio of machine learning and AI solutions that are designed to improve drilling efficiency and reservoir prediction.”
Geolog International is the world’s largest independent surface logging services provider to the energy industry and has operations in more than 50 countries and a workforce of more than 1,600. Petro.ai combines geoscience research with data science to predict economic outcomes in the energy industry. The company says that, in the past 12 months, these predictions have advised $1.9 billion of capital investment with better than 94% accuracy.
“This partnership will allow Petro.ai to deliver a new set of analytics and accurate predictions to Geolog’s global customer base,” said Troy Ruths, founder and CEO of Petro.ai. “Our unique geoscience expertise that merges both structured and unstructured data is a natural fit for the high quality and differentiated data streams that Geolog collects. We couldn’t be more excited to launch this strategic partnership.”