The agreement will leverage BabelFish alongside Schlumberger's current technology for upstream production data management, surveillance, analysis and modelling, ISS managing director Shane Attwell said.
"This agreement combines the advanced BabelFish visualisation and operations solution with the Schlumberger global sales force and service capability to deliver a unique value proposition to oil and gas operators wishing to take the next steps to asset management within the digital oil field," Attwell said.
Schlumberger Information Solutions president Tony Bowman said ISS technologies complemented SIS production operations suite and expanded the ability of SIS to deliver digital oil field solutions.
"In combination with our Avocet production data management, surveillance, analysis and modelling solutions, the BabelFish web-based visualisation framework will give production engineers and managers immediate access to actionable information," Bowman said.
The contract guarantees payments of about $A17 million, phased over several years, but revenue to ISS is likely to exceed this initial figure as the company will also receive maintenance annuities on the Schlumberger sales, and revenues on sales receipts above initial license pre-purchases, ISS said.
