APA Corp. will introduce new AI capabilities to its oil and gas operations with Palantir Technologies’ Artificial Intelligence Platform (AIP) software. (Source: Shutterstock)
Houston-based E&P APA Corp. and software company Palantir Technologies Inc. are expanding their partnership through a multi-million dollar extension to their 2021 enterprise agreement, APA announced Sept. 25.
The multi-year agreement introduces APA’s oil and gas operations to new AI capabilities with Palantir’s Artificial Intelligence Platform (AIP) software.
AIP will be used to improve production equipment reliability via real-time monitoring and raw material logistics. AIP can be used on contract and invoice documents to detect anomalies against source systems.
Over the past three years, APA has employed Palantir software for varied uses, including supply chain management, operational and maintenance planning, production optimization and contract management, APA said in the announcement’s release.
The software helps APA move quickly on opportunities across its portfolio, including newly acquired assets, APA said.
Financial terms of the agreement were not disclosed.
Recommended Reading
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
2024-10-25 - Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
Integrating OCTG Management from Planning to Well
2024-12-10 - Tenaris’ Rig Direct provides improved collaboration and communication, and more uptime.
E&P Highlights: Oct. 21, 2024
2024-10-21 - Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
E&P Highlights: Nov. 18, 2024
2024-11-18 - Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-01-10 - The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.