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On Tue, 23 Jul, 4:04 PM UTC
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SLB to Accelerate Co-Development of AI-Driven Digital Platform for Aker BP By Investing.com
Long-term partnership will digitally transform Aker BP (NYSE:BP)'s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably HOUSTON--(BUSINESS WIRE)--Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722159176/en/ SLB and Aker BP today announced they have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company's E&P operations. The new platform will leverage the Delfi™ digital platform to enable new digital solutions in the cloud for Aker BP. By co-developing AI-powered digital technologies, we will transform Aker BP's subsurface workflows, accelerating planning cycles, increasing production, and reducing costs across their entire E&P life cycle, said Rakesh Jaggi, President, Digital & Integration, SLB. We have made a long-term commitment with Aker BP to continuously improve the subsurface part of their platform, driving constant efficiency optimization and more sustainable energy production. The partners will transition Aker BP's current application portfolio to the cloud and create one integrated platform for subsurface workflows. The high-performance computing speed of the cloud will enable the platform to leverage advanced AI and domain expertise from SLB and Aker BP to reveal new insights from previously untapped data, driving substantial efficiency and performance improvements. The platform we develop in partnership with SLB is a key step in realizing our strategy to build the E&P company of the future and cement our position as a digital leader, said Per Ã~yvind Seljebotn, SVP Exploration & Reservoir Development, Aker BP. Leveraging the cloud for data-driven subsurface workflows will increase efficiency and value creation, while helping to lower the environmental impact from our fields and discoveries. An essential part of enabling AI-driven workflows is establishing a unified data environment. The new platform builds on SLB's commitment to the Open Group's OSDU ® Technical Standard and close integration with Microsoft (NASDAQ:MSFT)'s Azure Data Manager for Energy. Moving to the Delfi platform is a big step forward on our data-driven journey. The use of Azure Data Manager for Energy, a strong and open collaboration with our digital ecosystem, and a high ambition to leverage GenAI are key benefits in this partnership with SLB, said Paula Doyle, Chief Digital Officer, Aker BP. SLB, its partners and customers will discuss how AI, data, IIOT, and other trends are transforming today's energy systems at the 2024 SLB Digital Forum in Monaco later this year. For more information, click here. About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
[2]
SLB to Accelerate Co-Development of AI-Driven Digital Platform for Aker BP
Long-term partnership will digitally transform Aker BP's subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722159176/en/ SLB and Aker BP today announced they have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company's E&P operations. The new platform will leverage the Delfi™ digital platform to enable new digital solutions in the cloud for Aker BP. "By co-developing AI-powered digital technologies, we will transform Aker BP's subsurface workflows, accelerating planning cycles, increasing production, and reducing costs across their entire E&P life cycle," said Rakesh Jaggi, President, Digital & Integration, SLB. "We have made a long-term commitment with Aker BP to continuously improve the subsurface part of their platform, driving constant efficiency optimization and more sustainable energy production." The partners will transition Aker BP's current application portfolio to the cloud and create one integrated platform for subsurface workflows. The high-performance computing speed of the cloud will enable the platform to leverage advanced AI and domain expertise from SLB and Aker BP to reveal new insights from previously untapped data, driving substantial efficiency and performance improvements. "The platform we develop in partnership with SLB is a key step in realizing our strategy to build the E&P company of the future and cement our position as a digital leader," said Per Øyvind Seljebotn, SVP Exploration & Reservoir Development, Aker BP. "Leveraging the cloud for data-driven subsurface workflows will increase efficiency and value creation, while helping to lower the environmental impact from our fields and discoveries." An essential part of enabling AI-driven workflows is establishing a unified data environment. The new platform builds on SLB's commitment to the Open Group's OSDU Technical Standard and close integration with Microsoft's Azure Data Manager for Energy. "Moving to the Delfi platform is a big step forward on our data-driven journey. The use of Azure Data Manager for Energy, a strong and open collaboration with our digital ecosystem, and a high ambition to leverage GenAI are key benefits in this partnership with SLB," said Paula Doyle, Chief Digital Officer, Aker BP. SLB, its partners and customers will discuss how AI, data, IIOT, and other trends are transforming today's energy systems at the 2024 SLB Digital Forum in Monaco later this year. For more information, click here. About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
[3]
Schlumberger : SLB to Accelerate Co Development of AI Driven Digital Platform for Aker BP
Long-term partnership will digitally transform Aker BP's subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722159176/en/ SLB and Aker BP today announced they have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company's E&P operations. The new platform will leverage the Delfi™ digital platform to enable new digital solutions in the cloud for Aker BP. "By co-developing AI-powered digital technologies, we will transform Aker BP's subsurface workflows, accelerating planning cycles, increasing production, and reducing costs across their entire E&P life cycle," said Rakesh Jaggi, President, Digital & Integration, SLB. "We have made a long-term commitment with Aker BP to continuously improve the subsurface part of their platform, driving constant efficiency optimization and more sustainable energy production." The partners will transition Aker BP's current application portfolio to the cloud and create one integrated platform for subsurface workflows. The high-performance computing speed of the cloud will enable the platform to leverage advanced AI and domain expertise from SLB and Aker BP to reveal new insights from previously untapped data, driving substantial efficiency and performance improvements. "The platform we develop in partnership with SLB is a key step in realizing our strategy to build the E&P company of the future and cement our position as a digital leader," said Per Øyvind Seljebotn, SVP Exploration & Reservoir Development, Aker BP. "Leveraging the cloud for data-driven subsurface workflows will increase efficiency and value creation, while helping to lower the environmental impact from our fields and discoveries." An essential part of enabling AI-driven workflows is establishing a unified data environment. The new platform builds on SLB's commitment to the Open Group's OSDU Technical Standard and close integration with Microsoft's Azure Data Manager for Energy. "Moving to the Delfi platform is a big step forward on our data-driven journey. The use of Azure Data Manager for Energy, a strong and open collaboration with our digital ecosystem, and a high ambition to leverage GenAI are key benefits in this partnership with SLB," said Paula Doyle, Chief Digital Officer, Aker BP. SLB, its partners and customers will discuss how AI, data, IIOT, and other trends are transforming today's energy systems at the 2024 SLB Digital Forum in Monaco later this year. For more information, click here. About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
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SLB (formerly Schlumberger) and Aker BP are accelerating the co-development of an AI-driven digital platform to enhance oil and gas operations. The collaboration aims to improve efficiency, reduce costs, and minimize environmental impact in the industry.
SLB, formerly known as Schlumberger, has announced a significant collaboration with Aker BP to accelerate the co-development of an artificial intelligence (AI)-driven digital platform for oil and gas operations 1. This partnership marks a crucial step towards digital transformation in the energy sector, aiming to enhance efficiency, reduce costs, and minimize environmental impact.
The centerpiece of this collaboration is the development of the Cognitive Companion, an AI-powered digital platform designed to revolutionize oil and gas operations 2. This innovative tool will leverage advanced AI algorithms to provide real-time insights and decision support for various aspects of oil and gas production.
The Cognitive Companion is expected to offer several key advantages:
This collaboration builds upon an existing digital partnership between SLB and Aker BP, which began in 2019 3. The expanded agreement now includes the co-development of the Cognitive Companion, signaling a deepening of their joint commitment to digital innovation in the energy sector.
The development of the Cognitive Companion is expected to have far-reaching implications for the oil and gas industry. By harnessing the power of AI and machine learning, SLB and Aker BP aim to set new standards for operational excellence and sustainability in energy production.
Rajeev Sonthalia, president of Digital & Integration at SLB, emphasized the significance of this collaboration, stating that it represents a major step forward in the digital transformation of the energy industry 1.
While specific details about the timeline for the platform's development and implementation have not been disclosed, both companies have expressed their commitment to accelerating the co-development process. The industry will be watching closely as this innovative digital solution takes shape and potentially reshapes the landscape of oil and gas operations.
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Saudi Aramco and SLB (formerly Schlumberger) have signed a framework agreement to develop digital sustainability technologies. The collaboration aims to address climate change and advance sustainable energy solutions.
2 Sources
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SLB and Palo Alto Networks announce an expanded collaboration to strengthen cybersecurity in the energy sector. The partnership aims to address the growing cyber threats faced by energy companies worldwide.
2 Sources
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Palantir Technologies and BP have entered into a 5-year strategic partnership to enhance BP's digital transformation with new AI capabilities. The collaboration aims to improve operational efficiency and support BP's net zero ambitions.
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Major oil companies showcase AI applications in drilling, monitoring, and data analysis at CERAWeek conference, leading to increased efficiency and cost savings in oil and gas production.
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Major oil companies are shifting focus to powering AI data centers as traditional oil markets face challenges. This strategic move aims to capitalize on the growing energy demands of Big Tech's AI ambitions.
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