In a launch despatched to Rigzone just lately by the Tape Ark group, Tape Ark revealed that it had bagged a “multi-million greenback oil and fuel AI enablement contract”.
Tape Ark introduced in that launch that it had “secured a multi-million greenback contract with a significant U.S. oil and fuel exploration firm to liberate and modernize one of many trade’s largest legacy tape archives in readiness for large petabyte scale AI applications”.
Tape Ark, which described itself within the launch as the worldwide chief in large-scale tape to cloud information migration, revealed within the assertion that the contract was awarded “after an in depth world analysis”. The corporate highlighted that the deal will see Tape Ark migrate over 50 petabytes of vital exploration and manufacturing information from legacy tapes into the cloud, “enabling superior AI, analytics, quicker entry to historic information, and compliance with evolving energy-sector information retention requirements”.
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Man Holmes, Founder and CEO of Tape Ark, mentioned within the assertion that “this partnership represents a significant milestone in our North American enlargement”.
“For many years, very important subsurface and operational information within the power sector has remained trapped on ageing tapes. We’re proud to be the corporate trusted to convey this information to life – securely, at scale, and within the cloud,” he added.
“This contract is greater than a migration – it’s a digital transformation of a long time of exploration intelligence,” Holmes continued.
“By unlocking this information and enabling it for scalable AI, our consumer will achieve a completely new layer of perception and operational worth. Our enlargement and funding plans are about making that potential for organizations worldwide,” Holmes went on to state.
Tape Ark famous in its launch that the deal “follows current large-scale initiatives globally for main broadcasters, governments, and oil firms”.
In an announcement posted on its web site again in June, Tape Ark highlighted that “information is foreign money” within the oil and fuel sector however warned that “a lot of it sits dormant on ageing magnetic tapes”.
“These archives typically maintain seismic insights vital to exploration, growth, and compliance, but they continue to be bodily inaccessible, technically outdated, and economically impractical to revive at scale,” it added.
The corporate went on to notice in that assertion that “in a current proof of idea (POC) venture for a significant Australian power firm, Tape Ark was requested to judge a whole lot of legacy tapes spanning over 15 media codecs”.
“What made this venture distinctive wasn’t the migration of the information to AWS – it was that many of the worth was uncovered earlier than a single byte was learn,” it mentioned.
“Utilizing AI and machine learning-driven strategies, Tape Ark demonstrated that large value financial savings, strategic insights, and compliance good points could possibly be realized – just by analyzing metadata, photographs, and RFID chips on the tapes,” it continued.
In an announcement posted on its website in November final 12 months, Tape Ark mentioned it was “approached in 2024 to ingest quite a few LTO tapes and exterior exhausting disk drives for a big Australian power firm.”
“The drives contained a massive seismic survey assortment that the corporate wanted to archive and likewise share with three way partnership companions positioned all over the world,” Tape Ark added in that assertion.
On its web site, Tape Ark states that it’s a expertise firm solely targeted on migrating information to the cloud.
In response to the location, Holmes “has loved a 20+ 12 months profession of founding firms within the tape and information administration house in addition to a profitable profession within the worldwide oil and fuel trade”.
The Tape Ark website notes that Holmes is a “self-identified maverick” who “noticed a chance with the early emergence of cloud computing to drive an revolutionary method to information storage and administration, which might allow organizations to liberate their information from legacy media to the cloud en masse”.
To contact the writer, e mail andreas.exarheas@rigzone.com
