This technology will improve exploration and production operations
Repsol and IBM launch world’s first cognitive technology collaboration for oil industry applications
Press Release30/10/2014 20:35
Repsol and IBM have reached an agreement to develop cognitive technology applications for the oil and gas industry that will drive improvements in exploration and production.
This technology will provide a competitive advantage for Repsol’s strategic decision-making in the optimization of oil reservoir production and the acquisition of new acreage.
The cognitive technology under development will give computers the ability to understand, reason and learn.
The project will be a joint effort, with teams from Repsol and IBM working in the first cognitive laboratory in the world, owned by IBM in New York, and the Repsol Technology Centre in Madrid.
Repsol and IBM have a long history of collaboration, which includes internationally recognized exploration and production projects such as Kaleidoscope and Excalibur.