KBR has joined forces with IBM to develop digital products and services that will help address the requirements and challenges facing the hydrocarbons industry.
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This move comes in the wake of a challenging atmosphere within the industry, in terms of falling crude prices, political climate and the need for safety and sustainability, according to KBR.
IBM chemical and petroleum industries global managing director Luq Niazi said: "As chemical and petroleum companies strive to remain competitive, implementing a digital strategy will help optimise capital expenditures, reduce operating costs and help maximise the potential of the knowledge and skills of their people.
"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."
As part of the collaboration agreement, KBR's understanding of the hydrocarbons market and large-scale capital projects will be combined with IBM's solutions, including cloud computing, advanced analytics, Internet of Things (IoT), and cognitive business solutions.
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By GlobalDataThe historical and real-time data of the clients, when combined with KBR's technical and engineering expertise and IBM's technology platform, will further support clients to improve decision-making and ensure more effective monitoring and maintenance of operations.
In addition, the new digital solutions will allow customers to reduce capital expenditure and operational expenses, improve operational efficiency, lower delivery schedules, boost facility uptime and enhance plant safety.
With customers in more than 80 countries and operations in 40 nations, KBR is a provider of professional services and technologies to the Government Services and Hydrocarbons sectors.
Image: IBM CHQ in Armonk, New York, October 2014. Photo: courtesy of Treesmittenex via Wikipedia.
