Developer docs
API playgroundTry for free, no card

Search company profiles

Geoteric

Full company profile

uuid00068e3

Namestring
Geoteric
Legal namestring
ffA
Websiteurl
geoteric.com
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Geoteric, registered in England & Wales as ffA (Company No. 02182421), develops and commercialises AI-powered 3D seismic interpretation software for the upstream energy industry. Its platform, built around multi-network deep learning convolutional neural networks for fault and horizon detection, was introduced as a first-to-market offering in 2019 and is organised into five modules — Condition, Reveal, Interpret, Classify, and Validate — supplemented by specialised features such as Frequency Decomposition, Fault Expression, Adaptive Horizons, Adaptive Geobodies, and IFC+. The AI Hub (2024) extends the platform by allowing geoscientists to compare and experiment with different AI networks, parameters, and scenarios within an example-driven interface covering AI Data Conditioning, AI Geological Features, and AI Faults, while the cloud-based Geoteric Stratum sub-brand delivers 3D fault identification and well trajectory planning. The product stack integrates natively with Petrel (Schlumberger) and PaleoScan, embedding into operators' existing geoscience workflows.

Geoteric monetises the platform primarily through enterprise software licensing and subscriptions, augmented by project-based professional services and Collaborative AI training courses (over 150 projects referenced). The company operates a direct enterprise field-sales motion anchored at major industry events (EAGE, IMAGE), targeting National Oil Companies (PETRONAS, Petrobras, PGNiG), international majors (BHP, Perenco), and large independents (Aker BP, Wellesley Petroleum, Sval Energi, Ithaca Energy, Alpha Petroleum Resources, Discovery Energy); a reported base of 100+ E&P customers and 500+ AI projects executed globally supports this distribution scale.

The company is headquartered in Newcastle upon Tyne, with additional offices in London, Stavanger, Oslo, Houston, Rio de Janeiro, Dubai, Jakarta, and Kuala Lumpur — a footprint that aligns selling coverage to every major upstream basin. Customer segments principally address oil and gas exploration and production, with emerging adjacent use cases in carbon capture and storage integrity monitoring and offshore-wind shallow geohazard interpretation; pricing is enterprise and quote-based, with no publicly disclosed price list.

Short descriptiontext

Geoteric is an AI-powered 3D seismic interpretation software company serving global oil and gas exploration and production operators, delivering multi-network deep learning tools for fault and horizon detection integrated with Petrel and PaleoScan.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersNewcastle Upon Tyne, United Kingdom
HQ citystring
Newcastle Upon Tyne
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
seismic interpretation software, AI subsurface imaging, oil and gas exploration, 3D geological analysis, fault detection software
Industry3 codes
1Seismic & Geoscience Services (Acquisition, Processing, Interpretation)
CodeEUALABAKPrimaryYes
2Remote Sensing & Geospatial Vision (satellite/drone imagery)
CodeHDAAAEALPrimaryNo
3Remote Sensing & Earth Observation Analytics (Satellite/UAV/LiDAR, Image Processing)
CodeEUAHAKADPrimaryNo
NAICS code1 code
  • Geophysical Surveying and Mapping Services541360
SIC code1 code
  • Oil & Gas Field Exploration Services1382
Product category
Seismic Interpretation Software
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Software Licenses and Subscriptions
TypeSubscription Recurring
Description

Geoteric generates revenue primarily through software licensing, with AI seismic interpretation software offered as licensed solutions. The company provides software and services to the Energy sector, with offerings including Condition, Reveal, Interpret, Classify, and Validate modules.

geoteric.com
2Professional Services and Consulting
TypeProfessional Services
Description

Geoteric delivers over 500 AI projects to customers globally, providing services that include seismic interpretation consulting, project delivery, and training. The company has successfully worked with companies to adopt AI into their seismic interpretation workflows.

geoteric.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 3 records shown
1Geoteric AI Hub
Description

AI platform for geoscientists to compare, contrast and experiment with different AI networks, parameters and scenarios in a modern interface.

geoteric.com
+2 more records
Core offering1 text field

Geoteric develops and sells AI-powered 3D seismic interpretation software for the energy industry. The platform combines deep learning neural networks with over 30 years of geological expertise to deliver subsurface visualization and interpretation for oil and gas exploration and production. Offerings include the AI Hub, AI Faults (2D and 3D Networks), AI Horizons, the cloud-based Geoteric Stratum, and modular components (Condition, Reveal, Interpret, Classify, Validate) supporting fault detection, horizon tracking, facies classification, and reservoir characterization.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 98% reduction in seismic interpretation time based on global projects
+4 more records
Product overview1 text field

Geoteric is an AI-driven 3D seismic interpretation software company offering a modular platform for the energy industry. The core offering centers on the Geoteric AI platform (introduced in 2019) enhanced with AI Hub for network experimentation, AI Faults (2D and 3D Networks), AI Horizons, and AI Integration capabilities. The software is organized into five key modules—Condition (data preparation), Reveal (geological feature analysis), Interpret (structural and stratigraphic interpretation), Classify (facies classification), and Validate (forward modelling)—supplemented by specialized features including Frequency Decomposition, Fault Expression, Adaptive Horizons, Adaptive Geobodies, and IFC+. The cloud-based Geoteric Stratum sub-brand provides scalable 3D AI fault identification. The company has delivered over 500 AI projects globally, supporting major energy companies including PETRONAS and Petrobras.

Product and service1 record
1AI Hub
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-11-06
Description

Multi-year partnership renewal for continued use of AI seismic interpretation tools. The partnership supports Perenco's exploration and development projects across offshore Africa, South America, and beyond, enhancing subsurface understanding and reservoir characterisation.

Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-09-17
Description

Landmark three-year agreement signed at IMAGE 2025 in Houston, Texas. PETRONAS Carigali will leverage Geoteric AI across its global operational portfolio for identifying new hydrocarbon prospects, increasing drilling success, and achieving up to 90% reduction in project cycle time. The partnership positions Geoteric as a central driver of PETRONAS' digital transformation and exploration excellence strategy, with PETRONAS in the driving seat alongside Geoteric in developing new technologies and workflows.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Provider of OpendTect, an open-source seismic interpretation platform with AI/machine learning plugins for fault and horizon detection. Direct competitor to Geoteric in delivering AI-augmented seismic interpretation to oil & gas operators globally.

TypeDirect peer
Description

Developer of PaleoScan, a geological interpretation software platform for seismic facies and structural analysis. While Geoteric integrates with PaleoScan, both compete in the same seismic-to-reservoir interpretation workflow used by geoscientists at E&P companies.

TypeBroad incumbent
Description

Global oilfield services giant whose Petrel platform is the dominant subsurface interpretation environment. SLB's Petrel competes with and integrates alongside Geoteric, and SLB has been actively adding AI capabilities to its DELFI E&P platform.

TypeBroad incumbent
Description

Halliburton's Landmark division offers DecisionSpace and SeisSpace seismic interpretation software as part of a broad oilfield services portfolio, competing with Geoteric for geoscience software budget at major E&P operators.

TypeBroad incumbent
Description

Global geoscience company providing seismic data acquisition, processing, and interpretation software (Geovation). Overlaps with Geoteric in subsurface imaging and reservoir characterization services for the oil & gas industry.

TypeBroad incumbent
Description

Subsurface interpretation and reservoir characterization software suite (now part of Emerson) used by oil & gas operators for seismic-to-simulation workflows. Competes with Geoteric in geological and geophysical interpretation.

TypeBroad incumbent
Description

Provider of multi-client geoscience data and subsurface imaging services, including seismic interpretation tools. While primarily data-focused, TGS competes with Geoteric for geoscience software and interpretation budgets at operators.

TypeBroad incumbent
Description

Marine geophysical company providing seismic acquisition and imaging services. While more services-heavy than software-focused, PGS competes for interpretation-related geoscience budgets and has been developing its own AI-based imaging workflows.

TypeBroad incumbent
Description

Global provider of marine seismic acquisition, processing, and interpretation services with growing software and AI capabilities for subsurface characterization. Overlaps with Geoteric in seismic processing and interpretation services.

TypeBroad incumbent
Description

Provider of seismic acquisition technology, data library, and subsurface imaging software including Orca and Esp reprocessing solutions. Overlaps with Geoteric in seismic interpretation technology for E&P customers.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration2 records

Each record includes

Title, Type, Description, Source

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Geoteric

Seismic Interpretation Softwaregeoteric.com

Geoteric is an AI-powered 3D seismic interpretation software company serving global oil and gas exploration and production operators, delivering multi-network deep learning tools for fault and horizon detection integrated with Petrel and PaleoScan.

What Geoteric does

Geoteric, registered in England & Wales as ffA (Company No. 02182421), develops and commercialises AI-powered 3D seismic interpretation software for the upstream energy industry. Its platform, built around multi-network deep learning convolutional neural networks for fault and horizon detection, was introduced as a first-to-market offering in 2019 and is organised into five modules — Condition, Reveal, Interpret, Classify, and Validate — supplemented by specialised features such as Frequency Decomposition, Fault Expression, Adaptive Horizons, Adaptive Geobodies, and IFC+. The AI Hub (2024) extends the platform by allowing geoscientists to compare and experiment with different AI networks, parameters, and scenarios within an example-driven interface covering AI Data Conditioning, AI Geological Features, and AI Faults, while the cloud-based Geoteric Stratum sub-brand delivers 3D fault identification and well trajectory planning. The product stack integrates natively with Petrel (Schlumberger) and PaleoScan, embedding into operators' existing geoscience workflows.

Geoteric monetises the platform primarily through enterprise software licensing and subscriptions, augmented by project-based professional services and Collaborative AI training courses (over 150 projects referenced). The company operates a direct enterprise field-sales motion anchored at major industry events (EAGE, IMAGE), targeting National Oil Companies (PETRONAS, Petrobras, PGNiG), international majors (BHP, Perenco), and large independents (Aker BP, Wellesley Petroleum, Sval Energi, Ithaca Energy, Alpha Petroleum Resources, Discovery Energy); a reported base of 100+ E&P customers and 500+ AI projects executed globally supports this distribution scale.

The company is headquartered in Newcastle upon Tyne, with additional offices in London, Stavanger, Oslo, Houston, Rio de Janeiro, Dubai, Jakarta, and Kuala Lumpur — a footprint that aligns selling coverage to every major upstream basin. Customer segments principally address oil and gas exploration and production, with emerging adjacent use cases in carbon capture and storage integrity monitoring and offshore-wind shallow geohazard interpretation; pricing is enterprise and quote-based, with no publicly disclosed price list.

Geoteric firmographics

Firmographics
Name
Geoteric
Legal name
ffA
Website
https://geoteric.com
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
51–100 employees
Short description
Geoteric is an AI-powered 3D seismic interpretation software company serving global oil and gas exploration and production operators, delivering multi-network deep learning tools for fault and horizon detection integrated with Petrel and PaleoScan.
Ownership category
akta.pro rank

Geoteric industry classification

Industry
Product category
Seismic Interpretation Software
NAICS
Geophysical Surveying and Mapping Services (541360)
SIC
Oil & Gas Field Exploration Services (1382)
akta.pro primary industry
Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)
akta.pro secondary industries
Remote Sensing & Geospatial Vision (satellite/drone imagery) (HDAAAEAL), Remote Sensing & Earth Observation Analytics (Satellite/UAV/LiDAR, Image Processing) (EUAHAKAD)

Keywords

  • Seismic interpretation software
  • AI subsurface imaging
  • Oil and gas exploration
  • 3D geological analysis
  • Fault detection software

Where Geoteric is headquartered

Location

Headquarters

HQ city
Newcastle Upon Tyne
HQ country
United Kingdom
HQ region
Europe

Offices9 records

Markets served

Geoteric business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Software Licenses and Subscriptions: Geoteric generates revenue primarily through software licensing, with AI seismic interpretation software offered as licensed solutions. The company provides software and services to the Energy sector, with offerings including Condition, Reveal, Interpret, Classify, and Validate modules.
  2. Professional Services and Consulting: Geoteric delivers over 500 AI projects to customers globally, providing services that include seismic interpretation consulting, project delivery, and training. The company has successfully worked with companies to adopt AI into their seismic interpretation workflows.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Geoteric product offering

Product offering

Core offering

Geoteric develops and sells AI-powered 3D seismic interpretation software for the energy industry. The platform combines deep learning neural networks with over 30 years of geological expertise to deliver subsurface visualization and interpretation for oil and gas exploration and production. Offerings include the AI Hub, AI Faults (2D and 3D Networks), AI Horizons, the cloud-based Geoteric Stratum, and modular components (Condition, Reveal, Interpret, Classify, Validate) supporting fault detection, horizon tracking, facies classification, and reservoir characterization.

Product overview

Geoteric is an AI-driven 3D seismic interpretation software company offering a modular platform for the energy industry. The core offering centers on the Geoteric AI platform (introduced in 2019) enhanced with AI Hub for network experimentation, AI Faults (2D and 3D Networks), AI Horizons, and AI Integration capabilities. The software is organized into five key modules—Condition (data preparation), Reveal (geological feature analysis), Interpret (structural and stratigraphic interpretation), Classify (facies classification), and Validate (forward modelling)—supplemented by specialized features including Frequency Decomposition, Fault Expression, Adaptive Horizons, Adaptive Geobodies, and IFC+. The cloud-based Geoteric Stratum sub-brand provides scalable 3D AI fault identification. The company has delivered over 500 AI projects globally, supporting major energy companies including PETRONAS and Petrobras.

Differentiator

Problem solved

Functional benefit

Brands

  • Geoteric AI Hub: AI platform for geoscientists to compare, contrast and experiment with different AI networks, parameters and scenarios in a modern interface.
  • Geoteric Stratum
  • Collaborative AI

Products and services

  • AI Hub

Quantifiable outcome

  • 98% reduction in seismic interpretation time based on global projects
  • +4 more outcomes

Companies that use Geoteric

Customer profile

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Geoteric technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature7 records

Geoteric partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and flagship.

  • PerencocoreStrategic or Co-development Partner · 6 November 2025Multi-year partnership renewal for continued use of AI seismic interpretation tools. The partnership supports Perenco's exploration and development projects across offshore Africa, South America, and beyond, enhancing subsurface understanding and reservoir characterisation.
  • PETRONAS CarigaliflagshipStrategic or Co-development Partner · 17 September 2025Landmark three-year agreement signed at IMAGE 2025 in Houston, Texas. PETRONAS Carigali will leverage Geoteric AI across its global operational portfolio for identifying new hydrocarbon prospects, increasing drilling success, and achieving up to 90% reduction in project cycle time. The partnership positions Geoteric as a central driver of PETRONAS' digital transformation and exploration excellence strategy, with PETRONAS in the driving seat alongside Geoteric in developing new technologies and workflows.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Geoteric competitors and assessment

Company assessment

Direct peers

  • dGB Earth Sciences: Provider of OpendTect, an open-source seismic interpretation platform with AI/machine learning plugins for fault and horizon detection. Direct competitor to Geoteric in delivering AI-augmented seismic interpretation to oil & gas operators globally.
  • Eliis: Developer of PaleoScan, a geological interpretation software platform for seismic facies and structural analysis. While Geoteric integrates with PaleoScan, both compete in the same seismic-to-reservoir interpretation workflow used by geoscientists at E&P companies.

Broad incumbents

  • SLB (Schlumberger): Global oilfield services giant whose Petrel platform is the dominant subsurface interpretation environment. SLB's Petrel competes with and integrates alongside Geoteric, and SLB has been actively adding AI capabilities to its DELFI E&P platform.
  • Halliburton Landmark: Halliburton's Landmark division offers DecisionSpace and SeisSpace seismic interpretation software as part of a broad oilfield services portfolio, competing with Geoteric for geoscience software budget at major E&P operators.
  • CGG: Global geoscience company providing seismic data acquisition, processing, and interpretation software (Geovation). Overlaps with Geoteric in subsurface imaging and reservoir characterization services for the oil & gas industry.
  • Emerson Paradigm: Subsurface interpretation and reservoir characterization software suite (now part of Emerson) used by oil & gas operators for seismic-to-simulation workflows. Competes with Geoteric in geological and geophysical interpretation.
  • TGS: Provider of multi-client geoscience data and subsurface imaging services, including seismic interpretation tools. While primarily data-focused, TGS competes with Geoteric for geoscience software and interpretation budgets at operators.
  • PGS (Petroleum Geo-Services): Marine geophysical company providing seismic acquisition and imaging services. While more services-heavy than software-focused, PGS competes for interpretation-related geoscience budgets and has been developing its own AI-based imaging workflows.
  • Shearwater GeoServices: Global provider of marine seismic acquisition, processing, and interpretation services with growing software and AI capabilities for subsurface characterization. Overlaps with Geoteric in seismic processing and interpretation services.
  • ION Geophysical: Provider of seismic acquisition technology, data library, and subsurface imaging software including Orca and Esp reprocessing solutions. Overlaps with Geoteric in seismic interpretation technology for E&P customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Geoteric social profiles

Digital presence

Geoteric financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Geoteric leadership team

Management profile

Number of profiles

Profiles10 records

Geoteric funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Geoteric M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Geoteric

What does Geoteric do?

Geoteric develops and sells AI-powered 3D seismic interpretation software for the energy industry. The platform combines deep learning neural networks with over 30 years of geological expertise to deliver subsurface visualization and interpretation for oil and gas exploration and production. Offerings include the AI Hub, AI Faults (2D and 3D Networks), AI Horizons, the cloud-based Geoteric Stratum, and modular components (Condition, Reveal, Interpret, Classify, Validate) supporting fault detection, horizon tracking, facies classification, and reservoir characterization.

Is Geoteric a public or private company?

Geoteric is a private company. It is classified as corporate owned and is currently operating.

When was Geoteric founded?

Geoteric was founded in 1993. It employs 51 to 100 people.

Where is Geoteric based?

Geoteric is headquartered in Newcastle Upon Tyne, United Kingdom, in the Europe region.

How does Geoteric make money?

Two revenue lines are on record. Software Licenses and Subscriptions are the primary driver. The others are professional Services and Consulting.

Who are Geoteric's main competitors?

Direct peers on record are dGB Earth Sciences and Eliis. Broad incumbents are SLB (Schlumberger), Halliburton Landmark, CGG, Emerson Paradigm, TGS, PGS (Petroleum Geo-Services), Shearwater GeoServices and ION Geophysical.

Does Geoteric have an API?

No public API is recorded for Geoteric.

What industry is Geoteric in?

Geoteric's product category is Seismic Interpretation Software. Its primary akta.pro industry code is EUALABAK, Seismic & Geoscience Services (Acquisition, Processing, Interpretation), with a secondary code of HDAAAEAL, Remote Sensing & Geospatial Vision (satellite/drone imagery). Its NAICS code is 541360 and its SIC code is 1382.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Offshore-magIMAGE 2026: Geoteric and SINTEF explore agentic AI for subsurface workflowsGeoteric and SINTEF are developing an agentic AI platform to connect seismic interpretation, geological modeling, and reservoir simulation workflows, aiming to automate data handoffs and reduce manual transfers. The first public demonstration is planned for IMAGE 2026 in Houston, with the system designed to maintain transparency and human oversight.Gulf Oil and GasGeoteric and SINTEF develop joint AI agent platform for better subsurface decisionsGeoteric and SINTEF are collaborating to develop an AI agent platform that connects seismic interpretation with reservoir simulation. The platform aims to automate workflows, reduce uncertainty, and improve decision-making for energy companies. Results will be presented at the IMAGE conference in Houston in August.Oil Review Middle EastGeoteric and SINTEF collaborate on AI agent platformGeoteric and SINTEF have signed a collaboration to build an AI agent platform using open standards that links seismic interpretation directly with reservoir simulation. The project combines Geoteric's AI-based seismic interpretation with SINTEF's simulation and mathematical modelling expertise, aiming to speed workflows and quantify uncertainty. Results will be presented at the IMAGE conference in Houston in August.3D Seismic Interpratation SoftwareEvent: EAGE Digitalization 2026Geoteric announced its participation as an exhibitor at the 6th EAGE Digitalization Conference & Exhibition in Stavanger, Norway, scheduled for March 9-12. The company will showcase its new AI Hub platform, which uses proprietary Convolutional Neural Networks to deliver AI workflows for seismic interpretation, including AI Geological Features, AI Data Conditioning, and AI Faults. Ciaran Collins, Customer Support Geoscientist at Geoteric, will deliver a technical presentation on integrated AI Fault Interpretation workflow on March 10.3D Seismic Interpratation SoftwareFirst Break: De-risking structural interpretation and well planning with a multi-network AI fault workflowCiaran Collins and Abdulqadir Cader from Geoteric have published a paper in EAGE's First Break magazine presenting an integrated fault interpretation workflow using multiple 3D deep learning convolutional neural networks for subsurface characterisation.BdailyGeoteric appoints new chief financial officerGeoteric, a Newcastle-based AI seismic interpretation company, appointed Olav Salte Hovstad as chief financial officer during a period of international growth. Olav, based in Stavanger and experienced in finance and strategy, previously served as interim CFO and has contributed to the company's development. The company, supporting major energy firms like PETRONAS and Petrobras, aims to enhance its financial strategy to continue its expansion.KeyfactsenergyKeyfactsEnergyGeoteric, a world leader in AI seismic interpretation solutions, has confirmed Olav Salte Hovstad as its permanent Chief Financial Officer, effective immediately, after serving as Interim CFO since March 2025. Hovstad holds a Master's degree in Applied Economics and Finance from Copenhagen Business School and previously worked as a Senior Consultant at PwC Norway. The CEO expressed confidence in Hovstad's ability to drive the company's growth and expansion trajectory going forward.OGV EnergyPerenco renews multi-year partnership with Geoteric to drive global exploration and developmentPerenco, a leading independent energy company, has renewed its multi-year partnership with Geoteric to continue using the latter's AI-powered seismic interpretation solutions for exploration and development projects. The partnership supports Perenco's operations across offshore Africa, South America, and beyond, with Geoteric's tools having been previously credited for improved hydrocarbon recovery in mature fields such as offshore Cameroon. The renewal reflects Perenco's continued trust in Geoteric's AI technology to enhance subsurface understanding and decision-making in complex geological environments.Offshore NewsPetronas to Leverage AI to Expedite Oil and Gas Exploration ActivitiesPetronas Carigali, the exploration and production arm of Malaysia's state oil company Petronas, has signed an agreement with AI seismic interpretation firm Geoteric to expand artificial intelligence use in oil and gas exploration activities. The three-year collaboration aims to identify new hydrocarbon prospects faster, increase drilling success rates, and achieve up to 90% reduction in project cycle time through Geoteric's AI software, which was first introduced to the market in 2019. The partnership aligns with Petronas Carigali's digital transformation and exploration excellence strategy, positioning the company to develop new technologies alongside Geoteric across its global operational portfolio.BusinessCloudNordic takeover at Newcastle EnergyTech firm GeotericNewcastle-based Geoteric was acquired by a Nordic consortium including Redback, Herfo Finans, and Møkster. Nicola Blanshard will remain CEO, and Energy Ventures III LP will exit. The company provides AI seismic interpretation software for oil and gas.