APA Corp. will introduce new AI capabilities to its oil and gas operations with Palantir Technologies’ Artificial Intelligence Platform (AIP) software. (Source: Shutterstock)
Houston-based E&P APA Corp. and software company Palantir Technologies Inc. are expanding their partnership through a multi-million dollar extension to their 2021 enterprise agreement, APA announced Sept. 25.
The multi-year agreement introduces APA’s oil and gas operations to new AI capabilities with Palantir’s Artificial Intelligence Platform (AIP) software.
AIP will be used to improve production equipment reliability via real-time monitoring and raw material logistics. AIP can be used on contract and invoice documents to detect anomalies against source systems.
Over the past three years, APA has employed Palantir software for varied uses, including supply chain management, operational and maintenance planning, production optimization and contract management, APA said in the announcement’s release.
The software helps APA move quickly on opportunities across its portfolio, including newly acquired assets, APA said.
Financial terms of the agreement were not disclosed.
Recommended Reading
Chevron Gets Approval for Farm-in Offshore Uruguay
2024-09-26 - Chevron Corp. received approval for farm-in at the AREA OFF-1 block offshore Uruguay and along with partner CEG Uruguay SA eyes the definition of 3D seismic over the remainder of 2024.
Hurricane Helene Shuts in Nearly 30% of GoM Crude Production
2024-09-25 - Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.
Baseline Energy Opens New Uinta Basin Power Generator Facility
2024-09-24 - Baseline Energy Services’ facility in the Uinta Basin plans to support the region’s mobile power generator fleet with a range of maintenance and repair services.
Quantum Backs Tug Hill Team in New E&P Vickery Energy
2024-09-24 - Quantum Capital Group is backing the executives behind Tug Hill Operating, which sold to EQT Corp. for $5.2 billion, in a new Appalachian Basin company Vickery Energy Partners.
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.