EcoTrace

Elevator Pitch: EcoTrace leverages the latest in AI technology to tackle the long-standing environmental issue of orphaned oil and gas wells. By rapidly and accurately identifying these well locations from historical documents, we offer a scalable solution to mitigate pollution and safeguard our planet’s future. Partner with us to turn environmental risk into action.

Concept

An AI-driven solution to identify and remediate orphaned oil and gas wells using large language models for environmental conservation.

Objective

To locate and plug orphaned oil and gas wells, reducing environmental risks and impacts.

Solution

Utilizing advanced large language models (LLMs) to extract information from historical records to identify orphaned wells.

Revenue Model

Subscription-based for government and corporate entities, and pay-per-report for smaller entities and NGOs.

Target Market

Environmental agencies, oil and gas corporations, state governments, and environmental NGOs.

Expansion Plan

Starting with regions heavily impacted by orphaned wells, then expanding globally, incorporating additional languages and document types.

Potential Challenges

Accuracy in unstructured image-based records, adapting models for various document formats, and ensuring data privacy.

Customer Problem

Difficulty in locating and remediating environmentally harmful orphaned wells due to unstructured and outdated records.

Regulatory and Ethical Issues

Compliance with environmental regulations, proper handling of sensitive historical data, and ensuring the ethical use of AI.

Disruptiveness

Transforms environmental remediation efforts by enabling rapid, accurate, and cost-effective location of orphaned wells.