Bluware Signs New Agreement with BP
Bluware Corp, the digital innovation platform that enables the oil and gas industry to accelerate digital transformation initiatives using deep learning, has announced a new agreement with BP.
The agreement will see Bluware, which has been backed by EV Private Equity since 2018, deploy technology that will help BP to improve quality and speed when delivering seismic interpretation products.
Commenting on the agreement, BP’s Upstream Chief Digital and Technology Officer, Ahmed Hashmi, said, “BP recognizes the significant impact advances in digital technology can bring and we are pleased to implement Bluware InteractivAITM, a new and innovative deep learning technology, augmenting our geoscientists’ ability to accelerate subsurface data interpretation.”
Large seismic data sets are difficult to move and use in workflows and time consuming to interpret. InteractivAI, powered by Bluware’s Volume Data Store (VDSTM) 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,” added Dan Piette, CEO of Bluware.
EV Private Equity Senior Partner, Per Arne Jensen, also commented, “In 2018, EV Private Equity and it´s co-investor, Shell Ventures, first invested in Bluware and have since directed and supported the development of the Bluware technology platform and artificial intelligence functionality.
“The technology enables energy companies to move large volumes of exploration data to the cloud and perform highly efficient, ground-breaking workflows on the data. The AI contract with BP is an important milestone in this development and shows that Bluware is positioned to be in the forefront of the ongoing data revolution in the exploration and production industry.”
Bluware is an EV Private Equity portfolio company, its technologies bring the capabilities of artificial intelligence, machine learning, and deep learning to places previously thought unreachable – places where geoscientists fight battles of (truly) seismic proportions.