Addition of automated reporting software creates industry’s first cloud-based end-to-end drilling solution
Schlumberger has expanded its digital drilling planning and operations portfolio through the acquisition of Independent Data Services (IDS), with the industry’s only automated reporting software. IDS enables exploration and production operators and drilling contractors to analyze and report their operational performance and provides the knowledge to enhance it.
As a Schlumberger company, IDS will be offered both as a standalone solution and as an integrated cloud-native solution, to offer customers end-to-end digital drilling solutions enhanced with AI and machine learning.
“Our strategic acquisition of IDS enhances our digital drilling portfolio; it now outpaces all other reporting solutions on the market. We’re adding value for customers by enabling them to manage the performance of their drilling operations from one easy-to-use solution,” said, Kari Anne H. Kjolaas-Holland, Director Digital Operations Solutions, Schlumberger. “The IDS reporting software complements our cloud-native drilling solutions to provide customers with operational performance, reporting, engineering, planning and offset well analysis in a single workflow.”
Customers using the DrillPlan coherent well planning solution and DrillOps on-target well delivery solution will now enjoy an enriched experience. The IDS automated reporting software transforms the daily reporting and monitoring of rig site operations from a time-consuming, labor-intensive and costly activity into a steady flow of relevant data which is processed and stored in near real time. Automation eliminates much of the inconsistency endemic to manual reporting while making the data available instantaneously on a digital dashboard, delivering detailed insight and driving continuous improvement across planning efficiency and performance.
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Why is Schlumberger acquiring IDS?
What is driving the acquisition?
Is this a joint venture or an acquisition?
When can we expect to see a fully integrated solution of the IDS technology portfolio with the Schlumberger DrillPlan and DrillOps solutions?
How will operators and rig contractors benefit from this acquisition?
Will IDS technology solutions still be available as standalone offerings?
Which operators and rig contractors are these solutions targeting?
Who is Schlumberger?
How much of the rationale of the deal for Schlumberger is the removal of a competitor?
Is there a date by which the transaction must be completed? What is the target date for completion?