TotalEnergies (NYSE: TTE) and French AI company Mistral have announced a three-year partnership with an investment of more than €100 million to develop AI models for oil and gas reservoir exploration and engineering.

The two companies plan to establish a joint scientific laboratory that will combine TotalEnergies' subsurface data and geoscience expertise with Mistral's AI capabilities. The program aims to build frontier AI models capable of processing and interpreting large volumes of subsurface data to generate development scenarios for exploration opportunities and to optimize existing projects.

According to the press release, the partnership will incorporate agentic AI technology and draw on close to 10 petaflops of data alongside nearly a century of geoscience knowledge accumulated by TotalEnergies.

Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said: "By combining a century of geoscience data, the expertise of our teams and Mistral's capabilities, we aim to develop a new generation of tools capable of supporting our experts in analyzing the most complex data and in their decision-making."

Arthur Mensch, Co-founder and CEO of Mistral, said the project "demonstrates the ability of our models to support complex industrial processes and adapt to the most demanding scientific and energy challenges."

The partnership will focus on keeping TotalEnergies' subsurface data within a European digital ecosystem, with proprietary AI models developed specifically for the company's business needs.