IBM, Amazon partner to extend reach of data tools for oil companies

IBM, Amazon partner to extend reach of data tools for oil companies

Information about IBM, Amazon partner to extend reach of data tools for oil companies

Kevin David


By Stephen Nellis and Liz Hampton
(Reuters) – International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data.
Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil companies to improve efficiency across their operations.
The technology is being shared industry-wide on an open-source basis, and only works 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.

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