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TIBCO and Nabors Deliver Smart Drilling Technology to Energy MarketsPALO ALTO, Calif., and HOUSTON, Dec. 14, 2017 /PRNewswire/ -- TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced its partnership with Nabors Industries Ltd., leveraging the TIBCO® Connected Intelligence portfolio to provide the foundation for Nabors' real-time drilling analytics. In addition to utilizing TIBCO's extensive customer base in upstream oil and gas, Nabors' solutions will incorporate the breadth of TIBCO's offerings, incorporating algorithmic modelling into streaming analytics. "Industrial IoT is transforming every industry, and smart drilling is a disruptive way to deliver economic and social value in the energy market," said Mark Palmer, senior vice president, analytics, TIBCO. "Nabors' approach is visionary, with real-time drilling analytics that will quickly leverage machine learning models and immediately make IoT-fueled decisions on streaming data, as conditions change." The Nabors real-time drilling analytics offering leverages products like TIBCO Spotfire® and TIBCO StreamBase®, in conjunction with their own industry expertise and IP, to provide optimized drilling operations for their customers. With built-in connectivity to industry data sources such as WITSML, WITS0, and OSI Pi, combined with a pluggable, algorithmic model to incorporate proprietary algorithms and business knowledge, Nabors will be able to deliver custom solutions to users within aggressive time frames. "At Nabors, we are changing the way wells are drilled. We believe that monitoring and measuring everything we do offers greater transparency in performance. Additionally, by capturing data that has never been available in our industry, we are able to take necessary actions that continuously raise the bar of excellence," said Sri Valleru, vice president and chief information officer, Nabors Industries. "I see our partnership with TIBCO as the next phase of our journey to be a leader of data analytics in the oil and gas industry." With the help of TIBCO, Nabors customers will be able to optimize their drilling operations to save time and money by injecting IoT intelligence at the core and edge of the drilling enterprise, while also finding and correcting many drilling problems before they happen. The result is smarter, AI-driven decisions in energy extraction. Follow TIBCO Software Inc. @TIBCO on Twitter, and on TIBCO's Facebook and LinkedIn pages to hear the latest news and updates from TIBCO's team. About Nabors Industries About TIBCO Forward-looking Statements TIBCO, Spotfire, StreamBase, and the TIBCO logo are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification.
View original content with multimedia:http://www.prnewswire.com/news-releases/tibco-and-nabors-deliver-smart-drilling-technology-to-energy-markets-300571310.html SOURCE TIBCO Software Inc. |