L&T Technology Services Limited has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year, to digitalize geoscience content. LTTS’ geospatial and digital expertise will enable rapid conversion of historical geoscience content into the digital domain by leveraging sophisticated automation utilities, the company said. This will provide geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation. LTTS will work in collaboration with group company Larsen & Toubro Infotech on the project. “Combining our hydrocarbon heritage, geospatial domain understanding and our digital engineering expertise, we are ideally positioned to help ExxonMobil in this initiative,” Keshab Panda, CEO and managing director, L&T Technology Services Limited, said in a statement. “Our solutions will provide geoscientists accelerated insights into their subsurface data. This in turn maximizes asset utilization, minimizes data preparation time and reduces total cost of ownership,” said Panda. Headquartered in India, LTTS is a listed subsidiary of Larsen & Toubro Limited.
L&T Technology Services, a subsidiary of Indian multinational Larsen & Toubro Infotech, is to provide oil and gas giant Exxon Mobil's exploration division with digitised geoscience information to help it plan and oversee current and future sub-surface exploration of potential sources. The company will also be providing the data for use by ExxonMobil’s own research team in its ongoing efforts to explore new sources of oil.