TCS grabs 5 yrs transformation deal from US-based oilfield service company

IT firm Tata Consultancy Services has secured a five-year renewal and expansion of its contract with Weatherford International. Under this partnership, TCS will leverage its expertise in automation, Artificial Intelligence (AI), and digital optimisation to drive enterprise-wide business transformation initiatives for the North America-based oilfield service company.

The partnership will focus on enhancing operational efficiencies across critical domains such as finance, supply chains, and human resources. TCS plans to introduce advanced AI-driven solutions to streamline Weatherford’s finance and accounting processes, reduce costs, and improve scalability. Additionally, TCS will advise Weatherford in simplifying workflows, fostering innovation, and enabling outcome-based strategies. 

This collaboration builds on the seven-year partnership between the two companies, during which TCS spearheaded transformative improvements in shared services. These efforts have resulted in a 50% reduction in Weatherford’s total cost of ownership across mission-critical operations, TCS has said.

“With the energy sector facing rapid technological advancements and heightened demands for efficiency, this renewed partnership with TCS underscores the strategic importance of integrating AI-driven solutions and process optimisation,” said Girish Saligram, President and CEO at Weatherford International.

TCS will expand its role to include strategic transformation advisory services. TCS works with four of the top five Oil Field Services companies in the world. TCS consultants across various geographies support the energy domain. TCS service lines encompass a wide range of offerings, including Consulting and Systems Integration, ERP, Cloud, Infra and Cyber Security Services, Application Support and Maintenance, Testing and Validation, and Digital Technologies.