Schlumberger inks deal to expand artificial intelligence in the oil field – Chron

Oilfield service giant Schlumberger has inked a deal to expand its offerings of artificial intelligence products and services.

Oilfield service giant Schlumberger has inked a deal to expand its offerings of artificial intelligence products and services.

Oilfield service giant Schlumberger has inked a deal to expand its offerings of artificial intelligence products and services.

Oilfield service giant Schlumberger has inked a deal to expand its offerings of artificial intelligence products and services.

Schlumberger inks deal to expand artificial intelligence in the oil field

Oilfield service giant Schlumberger has inked a deal to expand the use of artificial intelligence technology in the oil patch.

In a statement, Schlumberger announced it had entered into an agreement the New York software company Dataiku.

Under the agreement, the two companies will work together to develop artificial intelligence products and services for Schlumberger's exploration and production customers.

Service Sector: Baker Hughes enters deal to boost AI in the oil field

With U.S. crude oil prices stuck in the mid-$50 per barrel range, many energy companies are adopting digital tools to increase efficiency and lower costs.

The deal between Schlumberger and Dataiku comes less than a month after oilfield service company rival Baker Hughes entered into a similar deal withtech giant Microsoft and Silicon Valley artificial intelligence company C3.ai.

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Headquartered in Paris with its principal offices in Houston, Schlumberger is the largest oilfield service company in the world with more than 100,000 employees in 85 nations.

The company posted a $2.2 billion profit on $32.8 billion of revenue in 2018.

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Schlumberger inks deal to expand artificial intelligence in the oil field - Chron