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.