Weatherford International Plc signed a joint initiative agreement (JIA) with IBM to collaborate on developing new products and services for oil and gas producers that leverage IBM advanced analytics and Internet of Things capabilities on the IBM Cloud.
Through the joint initiative, Weatherford and IBM will develop new analytics solutions, all available via IBM Cloud, that are based on Weatherford's extensive production optimization and engineering software platform, its supervisory control and data acquisition, and its sensors and controllers.
The jointly-developed solutions will be part of Weatherford’s new reservoir solutions global business unit, which was launched in early 2016 and provides integrated offerings to help lower clients’ operating costs and increase their production.
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