Schlumberger announced on March 7 an enterprise-wide deployment of the cloud-based DELFI cognitive E&P environment for ConocoPhillips, who will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud.
“This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to meet their diverse reservoir engineering modeling needs worldwide,” Rajeev Sonthalia, president of Digital & Integration at Schlumberger, said in a statement. “Expert teams from both companies will work closely together to integrate our cloud-based digital solutions and AI with ConocoPhillips’ reservoir engineering modeling and workflows.”
Upon completion of the integration, ConocoPhillips reservoir engineers will have access to cloud-based, high-performance computing resources in the DELFI environment as well as Schlumberger’s reservoir engineering solutions—including Petrel E&P software platform's Petrel Reservoir Engineering, INTERSECT high-resolution reservoir simulator, and ECLIPSE industry-reference reservoir simulator.
Recommended Reading
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
2024-02-22 - The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
CEO: Magnolia Hunting Giddings Bolt-ons that ‘Pack a Punch’ in ‘24
2024-02-16 - Magnolia Oil & Gas plans to boost production volumes in the single digits this year, with the majority of the growth coming from the Giddings Field.