TCS Renews 5-Year Deal with Oilfield Giant Weatherford

Tata Consultancy Services (TCS) has renewed and expanded its five-year strategic agreement with Weatherford International, one of the most prominent North America-based oilfield services companies.

In the renewed deal, TCS will harness its expertise in automation, artificial intelligence (AI), and digital optimization to augment Weatherford's enterprise-wide business transformation.

The alliance will be centered around rationalizing critical functional areas such as finance, supply chains, and human resources.

By utilising cutting-edge AI-powered solutions, TCS seeks to drive cost reductions, improve scalability, and provide outcome-based solutions to derive the greatest agility and long-term value.

Key highlights:

• TCS has renewed and expanded its five-year contract with Weatherford International to accelerate enterprise-wide digital transformation
• The collaboration will leverage AI and automation to optimize finance, supply chain, and HR operations, aiming to enhance scalability and reduce costs
• Building on a seven-year partnership, TCS’ strategies have already delivered a 50 percent reduction in Weatherford’s total cost of ownership

“We expect to increase scalability, accelerate innovation, and drive sustainable growth while cementing our pledge to unprecedented customer value. With the energy industry confronting rapid technological change and increased demands for efficiency, this new alliance with TCS reinforces the strategic value of combining AI-based solutions.” remarked Girish Saligram, President and CEO, Weatherford International.

TCS has previously partnered with Weatherford for seven years, instilling revolutionary improvements that led to a 50 percent decrease in total cost of ownership for key operations. The new agreement introduces a strategic transformation advisory element to further realign Weatherford's operations with its digital roadmap.

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“This new agreement is based on a strong foundation of partnership and operational excellence. Our AI-powered automation has continuously brought efficiency and value." said Debashis Ghosh, President and Business Group Head, TCS

TCS is a leading IT services company with four of the world's top five oilfield service companies as its current clients, providing end-to-end consulting, cloud, cybersecurity, ERP, and digital transformation services.