Data tools

IBM and Amazon team up to extend reach of data tools for oil companies

The Amazon logo is seen outside its JFK8 fulfillment center in Staten Island, New York, United States on November 25, 2020. REUTERS / Brendan McDermid

Register now for FREE and unlimited access to Reuters.com

Register

Nov. 15 (Reuters) – International Business Machines Corp (IBM.N) and Amazon.com’s Amazon Web Services (AMZN.O) announced Monday that they will work together to expand the reach of a set of tools that oil companies use it to manage disparate types of data.

Amazon in 2018 worked with Royal Dutch Shell (RDSa.L) to create technology to transform data from more than a century of oil production, largely from paper documents, into a standardized format that allows oil companies multinationals to improve the efficiency of their operations.

The 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.

Register now for FREE and unlimited access to Reuters.com

Register

IBM and Amazon said they worked together to resolve this issue. Using IBM technology called OpenShift, oil companies can use the oil industry’s cloud data tools in their private data centers within their countries.

“The data residency requirement represents nearly 50% of the oil-producing world today,” said Manish Chawla, global general manager of energy, resources and manufacturing at IBM, in an interview. “It’s a pretty big part of the market.”

Bill Vass, vice president of engineering at AWS, said expanding the reach of data tools would also help oil companies add non-oil assets like wind and solar to their portfolios. Renewable energy requires producers to know their production in different places at different times.

“As they move into power companies, it makes it easier for them because they have all of their wind and solar data, transmission line data, all of that, too,” Vass said.

“You really would have no idea how complex the energy network is until you start looking at all these different ways” of transmitting energy.

Register now for FREE and unlimited access to Reuters.com

Register

Reporting by Stephen Nellis in San Francisco and Liz Hampton in Denver; Editing by Richard Chang

Our standards: Thomson Reuters Trust Principles.