TIBCO and Nabors Deliver Smart Drilling Technology to Energy Markets
Partnership Expands Capabilities and Customer Base for Global Drilling Rig Provider
TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced its partnership with Nabors Industries Ltd. (NYSE: NBR), 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.
About Nabors Industries
Nabors Industries (NYSE: NBR) owns and operates one of the world's largest land-based drilling rig fleet and is a provider of offshore platform rigs in the United States and numerous international markets. Nabors also provides directional drilling services, performance tools, and innovative technologies for its own rig fleet and those of third parties. Leveraging our advanced drilling automation capabilities, Nabors highly skilled workforce continues to set new standards for operational excellence and transform our industry.
TIBCO fuels digital business by enabling better decisions and faster, smarter actions through the TIBCO Connected Intelligence Cloud. From APIs and systems to devices and people, we interconnect everything, capture data in real time wherever it is, and augment the intelligence of your business through analytical insights. Thousands of customers around the globe rely on us to build compelling experiences, energize operations, and propel innovation. Learn how TIBCO makes digital smarter at www.tibco.com.
The information included in this press release regarding Nabors includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to a number of risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements. The forward-looking statements regarding Nabors contained in this press release reflect the estimates and beliefs of Nabors' management as of the date of this press release. Nabors does not undertake to update these 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.