SLB

Schlumberger and Dataiku have entered into an exclusive technology partnership that will enable companies in the exploration and production industry to build and deploy their own artificial intelligence solutions across the full breadth of their upstream work flows.

Through collaboration, innovative technologies, and digitization, the newly formed alliance hopes to transform conventional intervention operations with clear targets of propelling hydrocarbon production on new and existing assets on the Norwegian continental shelf.

The two largest oilfield services firms grapple with a worsening North American land market.

Saudi Aramco, BP, and Schlumberger pride themselves on staying at the forefront of digital technology development and deployment. But an equally daunting challenge for the industry heavyweights is keeping their ever-expanding digital systems secure.

The combination of digital technologies will enable Chevron—and, eventually, other companies—to process, visualize, interpret, and glean insights from multiple data sources, the companies said.

The planned collaboration is expected to provide analytics-ready data from IHS Markit that would be directly accessible from the GAIA platform.

In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations.

The service company said it will make its data ecosystem available to the platform that is designed to bring together exploration, development, and wells data from across the industry. This will allow Schlumberger to integrate its solutions with its clients who have already joined the platform.

The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?

A comeback in offshore and international exploration and production is making up for the North American slowdown, but it is a difficult transition.