L&T Tech Services wins $20 million digital contract from ExxonMobil

L&T Technology Services said it had won a digitalization contract with oil & gas giant ExxonMobil Exploration that was valued at more than $20 million in its first year.

The engineering research and design company said its offerings would help convert historical geoscience content into a digital format, which would help provide geoscientistswith improved data availability and improve the speed and efficiency of analysis and evaluation.

The company said it would work with L&T Group firm LTI, previously known as L&T Infotech, on the project. The company did not specify the duration of the contract.

“Combining our Hydrocarbon heritage, geospatial domain understanding and our digital engineering expertise, we are ideally positioned to help ExxonMobil in this initiative,” Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited, said in a statement.