Global law firm Ashurst has advised Schlumberger on the acquisition of Independent Data Services (IDS), a leading provider of cloud-delivered reporting and analytical services to the upstream oil and gas industry.
The acquisition enhances Schlumberger's digital drilling portfolio with the addition of the industry's only automated reporting software and creates the industry's first cloud-based end-to-end drilling solution.
IDS enables exploration and production operators and drilling contractors to analyse and report their operational performance, providing the knowledge for operational enhancement. As a Schlumberger company, IDS will be offered both as a standalone solution and as an integrated cloud-native solution, to offer customers end-to-end digital drilling solutions enhanced with AI and machine learning.
The Ashurst team was led by partner Stuart James, assisted by associate Rushal Noor, with partner Alexander Cox and associate Martin Voelker advising on tax matters. Partner Michelle Phang and senior associates Daniel Yip and Vanessa Teo in Singapore also advised.
