L&T Technology Services wins Multi-Million Dollar digitalisation contract from ExxonMobil

4/9/2018

Agencies, Mumbai L&T Technology Services Limited, a leading global pure-play engineering R&D services company, has signed an agreement with ExxonMobil Exploration Company,valued at more than USD20 million in the first year. LTTS’ geospatial and digital expertise will enable rapid conversion of historical Geoscience content into the digital domain by leveraging sophisticated automation utilities. This will provide geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation. LTTS will work in collaboration with group company Larsen & Toubro Infotech (LTI) on this engagement. The deals involve a rapid conversion of historical Geoscience content into the digital domain by leveraging sophisticated automation utilities. This will provide geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation,company said in filing with NSE. This deal re-affirms LTTS’ technology investment strategy for its flagship customers and ensures its position as a leading partner among top ER&D service providers by capitalising on the rapidly changing digital shifts in the Oil and Gas industry,filing added. “Combining our Hydrocarbon heritage, geospatial domain understanding and our digital engineering expertise, we are ideally positioned to help ExxonMobil in this initiative.