KBR, IBM join forces in oil and gas IOT, big data

OE Staff
Thursday, May 11, 2017

KBR and IBM have agreed to collaborate on the development of digital products and services to help oil and gas firms reduce costs and increase profit, reliability and safety.

KBR says petroleum organizations require new levels of innovation and digital solutions to improve and enhance exploration and production, promote project capital and execution efficiency, and optimize operations, maintenance and safety.

The agreement joins KBR's understanding of the hydrocarbons market and large-scale capital projects, with IBM's solutions including cloud computing, advanced analytics, Internet of Things (IoT), and cognitive business solutions. Customers' historical and real-time data along with KBR's technical and engineering expertise coupled with IBM's technology platform will support better decision-making and more effective monitoring and maintenance of operations.

"As chemical and petroleum companies strive to remain competitive, implementing a digital strategy will help optimize capital expenditures, reduce operating costs and help maximize the potential of the knowledge and skills of their people," said Luq Niazi , IBM Global Managing Director, Chemical & Petroleum Industries . "Working with KBR, we will deliver analytics and cognitive solutions that diagnose, compare and enhance the production and operational activities of chemicals and petroleum assets."

The next generation of digital solutions will help customers lower capex and opex costs, enhance operational efficiency, reduce delivery schedules, boost facility uptime and improve plant safety, says KBR.

Categories: Engineering

Related Stories

Rex’s Akrake Set for July Drilling Ops off West Africa

Rex’s Akrake Set for July Drilling Ops off West Africa

Lautec Gets Vessel Tracking Contract at EnBW’s Offshore Wind Farms

Lautec Gets Vessel Tracking Contract at EnBW’s Offshore Wind Farms

TGS Kicks Off 3D Seismic Survey for Floating Wind Farm

TGS Kicks Off 3D Seismic Survey for Floating Wind Farm

Current News

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

Brava Energia Inks $65M Deal with PetroReconcavo for Natural Gas Assets

Record Offshore Wind Auction Required for UK to Meet Targets

First French Floating Wind Farm Fully Commissioned

Subscribe for OE Digital E‑News

Offshore Engineer Magazine