The companies aim to combine their data, technology and experience in exploration and production (E&P) and allow access to it through the Gaia digital subsurface platform.
The GAIA platform was launched by WesternGeco to grant its clients with access to all applicable and licensed data, which in turn will speed up data discovery, screening and ranking of their exploration opportunities. The platform is powered by the Delfi cognitive E&P environment.
WesternGeco president Maurice Nessim said: “Our relationship extends beyond providing access to seamlessly integrated IHS Markit data, WesternGeco multi-client libraries, and public and partner data, all in one place.
“It also includes collaboration in petro technical and data science R&D to rapidly deliver new data solutions on the GAIA platform.”
Schlumberger said that IHS Markit will, as a first step, provide access from within GAIA to its global E&P datasets, including well, production, and asset information.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
This approach is expected to provide new insights and other benefits such as workflow improvement and enhanced efficiencies in the field of oil and gas resources’ exploration and development.
IHS Markit Energy Upstream senior vice-president David Hicks said: “Bringing critical data sources together to help our clients improve efficiencies and extract more value from their assets is the primary goal of this endeavour.
“Since speed to decision is such a critical issue and data volumes continue to expand rapidly, clients will benefit from the increased use of artificial intelligence and various data science technologies to more quickly interrogate our global E&P database in new ways.”
Earlier in September 2019, Schlumberger and Norwegian survey service firm TGS announced a strategic collaboration.