07 Mar 2007:
Today, IBM (
The development of Alberta's oil sands will be one of the world's largest capital investments, with the petroleum industry expected to invest between US $42.4 billion and US $84.8 billion within the next decade. But capital costs have doubled in the past five years and many projects are behind schedule and over budget. The new centre will promote collaboration among all industry players, helping them do business more effectively.
"At IBM, we have a proven track record of providing world-class solutions to the oil and gas industry, and have had a presence in Alberta's oil patch for over 40 years, with all of our 2300+ people in Alberta dedicated to our clients' success," said Dan Fortin, president of IBM Canada. "Our collaborative partnerships -- with clients, business partners, academia, and other key constituencies -- enable us to accelerate the development and adoption of innovative technologies and business strategies. And that is exactly what we are seeking to do at the IBM Oil Sands Centre of Excellence."
Located in IBM's Calgary offices, the centre will introduce a variety of technologies including radio frequency identification, three dimensional data visualization, kiosks, and software integration. These technologies will improve construction and project management, labour productivity, business processes and environmental management.
IBM works closely with a number of companies involved in oil sands projects and plans to partner with other technology companies and key industry players at the Centre.
"With this Oil Sands Centre of Excellence, IBM will expand the availability of a new generation of intelligent technologies to allow the oil and gas industry to visualize, virtualize and integrate business processes more efficiently," said Steve Edwards, IBM Global Business Services leader, Global Chemicals and Petroleum industry. "We're inviting oil sands companies and industry stakeholders to work with us at the Centre to create new and innovative solutions for this burgeoning industry."
As global energy requirements continue to climb, the Alberta oil sands are an important part of North America's energy supplies, and the Centre will help improve the financial and operational efficiency of the industry.
Other IBM facilities focused on the global oil and gas industry include: IBM Oil & Gas Centre of Excellence in Stavanger, Norway; the Energy Competency Center (ECC), Abu Dhabi; the Energy Competency Center (ECC) Beijing, and the Energy Competency Center (ECC) Moscow.
Note to Editors:
IBM has a proven track record of providing world-class solutions to both upstream and downstream companies in the oil and gas industry. This commitment is demonstrated at five IBM centers of excellence, located in various countries around the world, which have opened over the past two years.
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