Band Stephen Nellis and Liz Hampton
November 15 (Reuters) – International Business Machines SocietyIBM.N and Amazon.com Inc.of Amazon Web Services AMZN.Onoted on Monday they would like work together to extend the reach of a set of tools oil companies use to manage disparate data types.
Amazon in 2018 worked with Royal Dutch Shell RDSa.L create technology for tower data from more than a century of oil production, largely from paper documents, in a standardized format for multinational oil companies to improve the efficiency of their operations.
Technology is shared industry wide on an open-source basis, and only works in cloud computing data centers. Some oil producing countries like Nigeria, Saudi Arabia and Russia do not have Amazon data centers, but require companies to store their data within the country’s borders.
IBM and Amazon said they worked together to Dsolve this problem. Using IBM technology called OpenShift, oil companies can use oil industry cloud data tools in their private data centers within their countries.
“The data residency requirement affects almost 50% of the oil-producing world today,” noted Manish Chawla, global managing director for energy, resources and manufacturing at IBM, in an interview. “That’s a pretty big share of the market.”
Bill Vass, vice president of engineering at AWS, said expanding the reach of data tools would like also help oil companies add non-oil assets such as wind and solar to their portfolios. Renewable energy requires producers know their to go out in different places at different times.
“When they go to the energy companies, it makes it easier for them, because they have all their wind and solar data, transmission line data, all of that as well,” Vass said.
“You really wouldn’t have any idea how complex the energy grid really is until you start looking at all these different ways” of transmitting energy.
(Reporting by Stephen Nellis in San Francisco and Liz Hampton in Denver; Editing by Richard Chang)
(([email protected]; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.