Schlumberger, a global leader in oilfield services, has announced the launch of its Lumi data and AI platform. This innovative platform integrates advanced artificial intelligence (AI) across the entire energy value chain, revolutionizing how energy companies operate.
Lumi provides open and secure access to high-quality data from all energy domains, enabling seamless collaboration and informed decision-making. The platform harnesses the power of the latest large language models (LLMs) and integrates them with SLB’s own domain-specific models, making AI adoption scalable and accessible for energy companies.
The Lumi platform is accessible on major cloud providers and on-premises, ensuring global reach and flexibility. SLB’s Delfi platform will leverage Lumi’s capabilities to enhance reservoir modeling, seismic interpretation, and drilling workflows. This integration will further boost automation and efficiency, especially for low-carbon energy operations.
By combining cutting-edge technologies from top partners with SLB’s deep expertise, Lumi empowers energy companies to unlock the full potential of data and AI. Rakesh Jaggi, President of Digital and Integration at SLB, stated, “Through the Lumi data and AI platform, we will liberate and contextualize data for our global customers across domains – enabling them to scale advanced AI workflows and accelerate their ongoing digital transformation.”
Investors interested in gaining exposure to Schlumberger can consider ETFs like VanEck Oil Services ETF (OIH) and IShares U.S. Oil Equipment & Services ETF (IEZ). Following the announcement, SLB shares rose 0.42% to $40.57 in premarket trading on Tuesday.
The Lumi platform signifies a significant step forward in leveraging AI for data-driven insights and decision-making within the energy sector. By democratizing access to AI and data, Schlumberger aims to empower energy companies to optimize operations, accelerate innovation, and ultimately contribute to a more sustainable future.
