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L&T Technology Services (LTTS) has signed an agreement with ExxonMobil Exploration Company in a deal valued at over $20 million in the first year.
LTTS will work in collaboration with group company Larsen & Toubro Infotech (LTI) on this engagement, the company said in a statement.
Further, as part of the deal, LTTS will enable conversion of historical geoscience content into digital by using automation utilities. This will provide geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation.
“Combining our hydrocarbon heritage, geospatial domain understanding and our digital engineering expertise, we are ideally positioned to help ExxonMobil in this initiative. Our solutions will provide geoscientists accelerated insights into their subsurface data. This in turn maximises asset utilisation, minimises data preparation time and reduces total cost of ownership,” said Keshab Panda, CEO & Managing Director, LTTS.
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