LONDON, August 31, 2015—Schlumberger and IBM today announced that they have teamed up to provide integrated services to upstream oil and gas customers that will improve the business impact of production operations projects.

The offering combines Schlumberger’s production optimization services, upstream expertise, and industry-leading Avocet* production operations software platform with IBM’s enterprise asset management and enterprise services to deliver an end-to-end service for optimizing integrated production operations. Through the service, customers should expect improved productivity, efficiency and cost management across operational areas including production optimization, flow assurance, logistics, scheduling, HSE, human resources, equipment monitoring and maintenance.

“Our customers have high expectations of the business impact of integrated production operations projects and in the current financial climate the demand for return on investment is stronger than ever,” said Uwem Ukpong, president, Software Integrated Solutions, Schlumberger. “The alliance with IBM will drive production excellence beyond engineering to all workflows across the production operations business lifecycle.”

“Traditional ways of doing business are being challenged and business process reengineering has become an absolute requirement,” said John Brantley, IBM general manager for the Chemicals and Petroleum Industries. “Schlumberger and IBM are coming together with a joint engagement model to deliver our clients a clear path to achieving operational excellence, through integrated enterprise and domain-specific business processes with collaborative, real-time intelligence for improved decision making in the oil and gas industry.”

This new service unifies the decision environment to provide the support critical for productivity and efficiency gains in today’s oilfield operations. The combination of production optimization workflows with enterprise business processes enables multidisciplinary solution teams to implement customized business offerings spanning asset to enterprise levels.

About the Companies

Schlumberger is the world’s leading supplier of technology, integrated project management, and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 108,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston, London, and The Hague, and reported revenues of $48.58 billion in 2014. For more information, visit www.slb.com.  

IBM addresses oil and gas industry challenges with its broad portfolio of cloud and software solutions, consulting, systems integration as well as outsourcing services underpinned by IBM Research. IBM and its alliance partners help clients address their most pressing problems in the areas of Integrated Operations, Major Capital Projects, information technology/operational technology convergence, digital security solutions and information management. For more information, visit www-935.ibm.com/industries/chemicalspetroleum.

*Mark of Schlumberger

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