IBM, Amazon to work together to extend reach of data tools for oil firms

International Business Machines Corp. and Amazon.com Inc.’s Amazon Web Services are now working together to extend the reach of a set of tools that oil companies use to manage disparate types of data.
Amazon in 2018 worked with Royal Dutch Shell Plc to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardised format for multinational oil companies to improve efficiency across their operations. The technology is being shared industry-wide on an open-source basis, and only works in cloud computing data centres. Some oil producing countries such as Nigeria, Saudi Arabia and Russia have no Amazon data centres but require firms to store their data within the country’s borders.
IBM and Amazon said they have worked together to resolve that problem.