Nov 15 (Businesshala) – International Business Machines Corp. (IBM.N) and Amazon.com Inc.’s Amazon Web Services (AMZN.O) said on Monday they have developed a set of tools used to manage oil companies. We will work together to increase reach. different types of data.
Amazon worked with Royal Dutch Shell (RDSa.L) in 2018 to combine more than a century of oil production data, largely from paper records, for multinational oil companies to improve efficiency in their operations. To create a technology for converting to a standardized format.
The technology is being shared industry-wide on an open source basis, and works only in cloud computing data centers. Some oil-producing countries such as Nigeria, Saudi Arabia and Russia have no Amazon data centers, but require companies to store their data within the country’s borders.
IBM and Amazon said they have worked together to solve that problem. Using IBM technology called OpenShift, oil companies can access oil-industry cloud data tools in their privately owned data centers within their countries.
“Today the need for data residency in the oil-producing world is about 50%,” said Manish Chawla, global managing director of energy, resources and manufacturing at IBM, in an interview. “It’s a very important part of the market.”
Expanding the reach of data tools will also help oil companies add non-petroleum assets like wind and solar to their portfolios, said Bill Voss, vice president of engineering at AWS. Renewable energy requires producers to know their production at different locations at different times.
“As they transition to energy companies, it makes it easier for them, because they have all their wind data and their solar data, transmission line data, all of that in there as well,” Vaas said.
“Until you start looking at all these different ways of transmitting energy, you won’t really have a concept of how complex the energy grid really is”.