SLB (NYSE: SLB), Amazon Web Services (AWS) and Shell Global Solutions Nederland BV (Shell) have entered into a multi-year collaboration agreement. The subject is end-to-end digital workflows for Shell using SLB underground solutions on the AWS cloud infrastructure. The aim is to provide high-performance, cost-effective digital underground solutions for Shell and the industry. The digital workflows use the OSDU® Data platform standards to deliver even better results to business customers. This improves efficiency and collaboration and opens up new insights for Shell and the energy industry. This collaboration builds on the existing SLB and AWS alliance and accelerates the availability of SLB’s industry-leading software such as Petrel™ subsurface solutions and Techlog™ downhole solutions on AWS.
“Cloud-based computing power and reliable, available OSDU® Data that meets technical standards is a good basis for efficient underground workflows and provides our engineers with the necessary data. Shell continues to support OSDU® Forum Community and wants to make commercial solutions available quickly,” said Edwin Verdonk, Executive Vice President Development and Subsurface at Shell. “Through this MOU with SLB and AWS, we want to make cloud solutions available more quickly and provide access to the OSDU® to provide a data platform.”
“SLB, Shell and AWS have teamed up to create the OSDU® data platform,” said Rakesh Jaggi, President, Digital & Integration, SLB. “We have long been committed to openness, which is why we provide SLB solutions with AWS. This gives customers more choice in cloud providers and access to AWS’ broad range of services and cloud computing power for greater collaboration and efficiency. ”
The three parties have been dealing with the OSDU for a long time® Data Platform: Community standardization, open source, open marketplace, the ability to unlock industry data and make the technology available to the industry. The expansion of SLB’s multi-platform strategy to include AWS demonstrates the platform’s potential — SLB solutions that are successfully integrated into AWS’s cloud infrastructure without expensive and inefficient application customizations.
“This collaboration with Shell and SLB will set a new standard for data application and interoperability to provide users with the best possible experience at the lowest possible cost of ownership,” said Howard Gefen, General Manager – Energy & Utilities, AWS. “The combined capabilities from Shell, SLB and AWS not only secures widespread added value, but also opens up innovation potential. Because the collaboration enables new approaches and solutions for underground workflows in the energy industry.”
Many operators want the OSDU® Apply technology standards to accelerate cycles and reduce costs by bringing data-driven decisions into digital workflows and easily switching between multi-vendor solutions. The three parties want to work with other partners to leverage the unique capabilities of an Open Forum platform.
About SLB
SLB (NYSE: SLB) is a global technology company that aims to transform energy for the benefit of the planet. With offices in more than 100 countries and a diverse workforce, innovation in oil and gas is a daily focus. The energy transition is being driven forward with digitalization on a large scale, decarbonization of the industry and the development of new energy systems. More information can be found at: slb.com.
OSDU® is a registered trademark of The Open Group.
Petrel™ and Techlog™ are trademarks of SLB.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the US Federal Securities Law. These are statements about the future, not about the past. Typical of these statements are formulations such as: “expect,” “could,” “may,” “estimate,” “intend,” “predict,” “will,” “potential,” “planned” and similar formulations. Forward-looking statements address, to varying degrees, uncertain matters. Examples include possible benefits of SLB’s new technologies and partnerships, statements about sustainability and environmental goals, plans and projections, predictions or expectations regarding the energy transition and global climate change and improvements in processes and technology. These statements are subject to risks and uncertainties, such as the inability to achieve emissions targets, achieve targeted strategic objectives, initiate legislative and regulatory initiatives to address environmental problems, obtain timely approvals and other risks and uncertainties SLB in its most recent Forms 10-K, 10-Q and 8-K filed with the US Securities and Exchange Commission. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, results may differ materially from those anticipated in the forward-looking statements. The forward-looking statements speak only as of the date of this press release. SLB undertakes no obligation to publicly revise or update any statements made herein, whether as a result of new information, future events or otherwise.
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View original version on businesswire.com: https://www.businesswire.com/news/home/20231009561227/de/
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