IBM AND Amazon Web Services (AWS) are teaming up to provide oil companies with more tools to manage data and to share production information more efficiently.
The duo has worked together to ensure oil companies can use IBM technology Open Shift to record and store oil production information.
Data technology is usually shared on an open cloud basis, but countries such as Nigeria, Saudi Arabia and Russia lack Amazon data centres, even while requiring companies to store data within the country's borders.
Companies operating in countries without Amazon Web's technology can now use IBM's programme to manage oil production data.
The innovation follows an IBM Survey that revealed less than half of oil and gas executives are using data to drive innovations.
The announcement comes fresh from the Cop26 climate summit, and follows commitments from many of the world's largest economies to reach net-zero carbon emissions by 2050.
(c) 2021 City A.M., source Newspaper