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Houston-based start-up Belmont Technology has received an investment of £3.8 million from oil supermajor, BP Plc. Belmont has developed a cloud-based geoscience platform using AI, which links geology, geophysics, reservoir and project information. The platform will enabled BP to gain a clearer understanding of its subsurface assets. Belmont’s technology aims at a 90% time-reduction in data collection, interpretation and simulation.
