Schlumberger Acquires InnerLogix
Schlumberger has acquired InnerLogix, the market leader in data quality management for the exploration and production (E&P) industry. InnerLogix, with 20 employees, has offices in Houston and Stavanger, Norway.
"InnerLogix technology delivers the next level of innovation for information management. A proven solution for automated data quality management, this technology is used by more than 26 oil and gas companies around the world today," said Olivier Le Peuch, president of Schlumberger Information Solutions. "With our strong focus on helping our customers improve reservoir performance, the addition of InnerLogix brings superior data quality to end users, which translates directly into increased productivity and reduced technical risk."
Over the last seven years InnerLogix has developed a data quality technology and process that automatically provide end users the best available data for decision-making at any point in their workflow. The combination of these capabilities with the domain expertise and global organization of Schlumberger will bring further momentum to the data quality market while improving workflow efficiencies.
"Our technology will extend to all E&P software workflows, such as reservoir development and operations management," said Dag Heggelund, president of InnerLogix Inc. "Our relationship with Schlumberger will accelerate and expand our technology development for the delivery of best quality data across all business processes for the global E&P market," he added.
InnerLogix is integral to the new Schlumberger Data Quality Center of Excellence located in Houston with support from key Schlumberger domain experts and from existing InnerLogix personnel.
- US Oil Service Firms Face Hit from Venezuela Debt Restructuring (Nov 06)
- Halliburton Posts International Revenue Growth, Unlike Schlumberger (Oct 23)
- Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty (Oct 20)