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L&T IT arm to digitise Exxon's exploration content

IANS  |  Bengaluru 

Larson & Toubro (L&T) IT services arm on Monday said it has bagged a multi-million dollar digitisation deal from Mobil exploration firm.

"The value of the deal signed with is $20 million (Rs 130 crore) for the first year of the contract," said the city-based Technology Services Ltd in a statement here.

The engineering R&D services firm's geospatial and digital expertise will convert Exxon's historical geoscience content into digital domain by leveraging

"Digitisation will provide geo-scientists improved data, and enhance the speed and efficiency of analysis and evaluation," noted the statement.

The IT arm will rope in the services of the group's other IT subsidiary -- Infotech -- in serving the American multinational corporation.

"The deal re-affirms our investment strategy for flagship customers and ensures our position as a leading partner among top engineering R&D service providers by capitalising on the changing digital shifts in the industry," said the statement.

Commenting on the deal, company's said combining its hydrocarbon heritage, geospatial domain understanding and digital engineering expertise would help Exxon in the deal project.

"Our solutions will provide geoscientists insights into their subsurface data, which will maximise asset utilisation, minimise data preparation time and reduce the total cost of ownership," Panda said in the statement.

With worldwide customer base, including 52 Fortune 500 firms and 48 top ER&D companies, the Indian multinational's IT subsidiary has 12,000 techies at 15 global delivery centres, eight global sales offices and 39 innovation labs.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 09 2018. 21:14 IST