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.
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