Weatherford, IBM Will Develop Analytics-leveraged Production Solutions

Weatherford International said it has signed a joint initiative agreement with IBM to collaborate on developing new products and services for oil and gas producers that leverage IBM advanced analytics and Internet of Things capabilities on the IBM Cloud.

The two companies plan to develop new analytics solutions based on Weatherford’s production optimization and engineering software platform, SCADA, and its sensors and controllers, according to a news release.

The jointly developed solutions will be part of Weatherford’s new reservoir solutions global business unit. Launched in early 2016, the unit provides integrated offerings that aim to reduce operating costs and increase production.

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