Shell and IBM Extending Life of Natural Gas and Oil Fields
Shell (NYSE:RDS.A) and IBM (NYSE:IBM) are partnering to look at ways they can extend the lives of oil and natural gas fields; the second deal Shell has entered into in about a month, as they also are working with Hewlett Packard in a separate deal for different purposes.
For IBM and Shell, IBM has developed software which is analytical and can simulate conditions in relationship to data collected on the ground in the physical locations of the fields.
The efficiencies created from the partnership will hep Shell move quicker and spend less as they get a more accurate picture of what is going on in the fields in order to recover natural gas and oil more efficiently.
Shell and IBM Extending Life of Natural Gas and Oil Fields
No comments:
Post a Comment