Geoteric, a world leader in AI-driven (Artificial Intelligence) seismic interpretation software and PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS have signed a landmark agreement to strengthen their strategic partnership.
Executives from PETRONAS Carigali and Geoteric, including Faisal Bakar, VP of Exploration, PETRONAS Carigali (centre) and Jan Grimnes, Chairman , Geoteric (centre, left) gather after at a special signing ceremony at IMAGE 2025 in Houston, Texas ©Tracy Eason Photography
The agreement signifies a step-change in AI adoption for PETRONAS Carigali that will identify new hydrocarbon prospects in less time, increase drilling success and expedite exploration activities overall.
Geoteric is renowned for seamless integration into existing geoscience workflows and the introduction of first-to-market AI into the software in 2019 has had a transformative effect on whole-project efficiency; achieving reductions in cycle time by up to 90%. By combining human expertise with AI, Geoteric empowers geoscientists to make faster, more informed decisions, and ultimately, deliver a faster return on seismic data investments.
The collaboration will allow PETRONAS Carigali to achieve more productive and standardized project execution and additionally, places PETRONAS Carigali in the driving seat alongside Geoteric in developing new technologies and workflows. Furthermore, by deploying an ‘all-access’ Geoteric model globally, PETRONAS will benefit from long-term value creation, technical excellence, and operational scalability, aligned with PETRONAS Carigali’s digital transformation and exploration excellence strategy.
Jan Grimnes, Chairman, Geoteric (left) and Faisal Bakar, VP of Exploration, PETRONAS Carigali at a special signing ceremony at IMAGE 2025 in Houston, Texas ©Tracy Eason Photography
Jan Grimnes, Chairman at Geoteric commented:
“The enhanced agreement with PETRONAS Carigali, building on an existing strategic partnership, is a testament to Geoteric’s capabilities and wider adoption in the industry. This collaboration will not only transform Geoteric’s development direction and how projects are delivered, it also aligns innovation with PETRONAS’ strategic goals - making Geoteric a central driver of PETRONAS’ success”
Over the next three years and beyond, PETRONAS Carigali will leverage Geoteric AI across its operational portfolio, leveraging the software’s proven capabilities across the exploration and production lifecycle.
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.
For more information, contact info@geoteric.com.
If you would like to learn more about how Geoteric can accelerate your subsurface workflows, or, for a demo, get in touch with us info@geoteric.com.
