APA Expands Partnership with Palantir to Leverage AI Technology Across Oil and Gas Operations
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Palantir Technologies and APA Corporation have entered into a multi-year, multi-million-dollar extension to their enterprise agreement originally signed in 2021.
The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir’s Artificial Intelligence Platform (AIP) software.
Over the past three years, Palantir has partnered with APA to deploy the software across use-cases as varied as operational planning, supply chain management, maintenance planning, production optimization, and contract management. Palantir’s AIP software has enabled APA to move quickly against opportunities across their portfolio, including newly acquired assets. Palantir has helped APA improve production equipment reliability via real-time monitoring, optimize raw material logistics, and leverage AIP across contract and invoice documents to detect anomalies against source systems.
“We founded Palantir to help tackle the world’s most important challenges. We’re honored to extend our partnership with APA as they continue to play a key role responsibly producing oil and natural gas,” said Matt Babin, Palantir’s head of Energy and Natural Resources.
“We look forward to expanding our partnership with Palantir. Our existing partnership has enabled improved operational efficiency and business visibility across our global portfolio,” said Travis Osborne, APA’s vice president, and chief information officer.
“We are excited to expand the use of Palantir AI capabilities to build on this foundation and accelerate performance and cost management even further,” added Osborne.
Together, Palantir and APA will continue to forward the mission of contributing to human progress by responsibly producing oil and natural gas.
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom and that explore for oil and natural gas offshore Suriname.
Palantir Technologies builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations’ actions and processes into tools for humans and LLM-driven agents.
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