KUALA LUMPUR, June 30 (Bernama) -- Quorum Software (Quorum) announced entering into an agreement with Schlumberger to jointly integrate Quorum’s industry-leading Planning Space, a business planning and petroleum economics offering, with the FDPlan field development planning solution, which is enabled by the DELFI cognitive E&P environment.
The integrated solution will be offered directly by Schlumberger with Planning Space as its petroleum economics engine. As part of the agreement, Quorum will also acquire Merak planning, risk, and reserves software from Schlumberger.
“Quorum and Schlumberger have developed longstanding relationships with our customers and partners over decades of serving the energy industry,” said Gene Austin, Chief Executive Officer at Quorum in a statement.
“Bringing together our market-leading planning and economics solutions gives customers around the world access to the industry’s most complete technology ecosystem, backed by our team of energy experts.”
Meanwhile, Trygve Randen, Director Digital Subsurface Solutions at Schlumberger said: “The partnership between Quorum and Schlumberger will enable our customers to seamlessly integrate cross domain data and workflows, to accelerate decision making across planning, operations, and the boardroom.”
With the agreement effective immediately, Quorum and Schlumberger are already actively engaged with several major energy companies to enhance their performance and profitability through improved business planning across their organisation.
Quorum Software is a leading energy industry software provider worldwide, serving more than 1,800 customers across the entire energy value chain in 55 countries.
-- BERNAMA
No comments:
Post a Comment