Tachyus and Geopark Sign Agreement to Optimize Oilfield Oper

Tachyus and Geopark Sign Agreement to Optimize Oilfield Operations with Artificial Intelligence in Argentina


Tachyus and Geopark Sign Agreement to Optimize Oilfield Operations with Artificial Intelligence in Argentina
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Today GeoPark (NYSE: GRPK) and Tachyus announced the signature of an agreement to use artificial intelligence technology developed by Tachyus to optimize the oil production of GeoPark waterflood assets in Argentina.
We are optimistic about Tachyus technology and we think that it will provide us with the right tools to achieve our modeling and production optimization targets.
HOUSTON (PRWEB)
May 06, 2021
Today GeoPark (NYSE: GRPK) and Tachyus announced the signature of a agreement to use artificial intelligence technology developed by Tachyus to optimize the oil production of GeoPark waterflood assets in Argentina. Traditional waterflood monitoring and optimization can take months whereas the Tachyus solution can accomplish the same job in a matter of days using Data Physics and a combination of traditional reservoir modeling with artificial intelligence. GeoPark is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina.

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