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Palantir Expands Presence in Industry Entering Multi-Year Partnership with Azule Energy
Angola's leading independent oil and gas producer will use Palantir Foundry across operations DENVER, Aug. 9, 2023 /PRNewswire/ -- Palantir Technologies Inc.
About this update from Palantir Technologies Inc.
[{"type":"text","content":"Angola's leading independent oil and gas producer will use Palantir Foundry across operations\nDENVER, Aug. 9, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR), and Azule Energy, a leading Angolan energy provider, have entered a multi-year partnership to deploy cutting edge software to optimize Azule Energy's upstream production. Palantir Foundry will help Azule Energy manage their current 200,000 barrels of daily oil production and support their growth goal of 250,000 barrels per day.\n\n \n \n \n \n \n \n\n \nPalantir and Azule Energy will partner to deploy cutting edge software to optimize Azule Energy's upstream productionAzule Energy, a 50/50 independent joint venture owned by bp and Eni, has selected Palantir Foundry to digitize operations of their assets safely and efficiently. Foundry will be deployed in Azule Energy's upstream oil production business to support petroleum engineers, process engineers, flow assurance engineers, and more. Foundry will also assist in development of Azule Energy's upstream ontology, connecting their data, including real time sensor data, from wells, pipelines, compressors, and other equipment allowing safe and productive workflows.\n\"We are excited to work with Azule Energy and expand our presence in an industry we've worked and operated in for more than a decade,\" said Matt Babin, Global Head of Energy at Palantir. \"Palantir Foundry will serve as the digital foundation for Azule Energy's upstream production business, helping them manage and grow their production safely and optimally.\"\nPalantir has worked in the energy sector for more than a decade, helping customers from small operators to Fortune 500 companies meet challenges and capture opportunities throughout the value chain. Palantir's customers have harnessed the power of Foundry to deliver both immediate results and compounding value across a wide range of use cases, with seamless interoperability between massive datasets and mission-critical models.\nAbout Palantir Technologies Inc.Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com/offerings/energy/.\nForward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act...