Micromem Technologies Inc. (MMTIF)

[seek the light]

IMPORTANT ARTICLE RE MMTIF: https://www.rigzone.com/news/wire/netflix_for_oil_setting_stage_for_1_trillion_data_battle-19-mar-2018-153934-article/

" Building out a more robust digital business is just as important to the world’s biggest service providers, including Schlumberger, Halliburton and Baker Hughes, who are leading the charge, Evercore’s West said. While digital represents less than about 2 percent of total sales for the servicers, it can be as much as 4 percent of their operating income, he said."



Other Excerpts:

(Bloomberg) -- A battle for big data is brewing in the oil patch.

The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are essentially saying hands off to anything coming out of their wells, including the streams of zeros and 1s.

“There’s no doubt to me, we are producing two resources: the oil and gas, and the data,” said Philippe Herve, a Schlumberger Ltd. veteran who now helps oil companies use artificial intelligence at SparkCognition. “The oil and gas is very clear: it belongs to the operator. But who owns the data?”

Mapping Reservoirs
“They also have value because they’re revealing properties of the reservoir that before you didn’t think about,” said Barry Zhang, CEO of the artificial-intelligence provider Quantico Energy Solutions.



Rewriting Contracts
Devon Energy Corp. has been dealing this over the past year as it’s embarked upon rewriting all of its service contracts during the downturn. The older contracts had maybe a line or two addressing data ownership, said Garrett Jackson, vice president of drilling and completions for the Oklahoma City driller.