Schlumberger, the world's biggest oilfield services company, is developing complete systems that consolidate the technology used in the exploration and production industry. CEO Paal Kibsgaard said digital offerings, such as its analytics and machine learning tool Delfi, would increase efficiency, while combined software and hardware systems underpin Kibsgaard's vision of the "rig of the future". The analysts added that Kibsgaard, who presented at a Barclays conference in September, is “confident that he can scale technology in either direction all while delivering incrementals and believes the issue of technology gets ‘over-emphasized.’” The company has already begun to test a new version of its software, called Delfi for Oil & Gas Exploration, which will be available later this year. It recently signed a deal with Borr Drilling to offer performance-based contracts to offshore jackup rigs. Other oilfield services companies, such as Halliburton, are also investing in digital technology.
Schlumberger, the world's biggest oilfield services company, is developing complete systems that consolidate the technology used in the exploration and production industry. CEO Paal Kibsgaard said digital offerings, such as its analytics and machine learning tool Delfi, would increase efficiency, while combined software and hardware systems underpin Kibsgaard's vision of the "rig of the future". The company has already begun to test a new version of its software, called Delfi for Oil & Gas Exploration, which will be available later this year. It recently signed a deal with Borr Drilling to offer performance-based contracts to offshore jackup rigs. Other oilfield services companies, such as Halliburton, are also investing in digital technology.