Quorum Software and Dragon Oil sign MoU for digital transformation
Published by Elizabeth Corner,
Senior Editor
Oilfield Technology,
Dragon Oil and Quorum Software have announced the signing of a Memorandum of Understanding confirming a mutual interest in establishing a strategic collaboration to accelerate digital transformation and enhance operational efficiency across Dragon Oil’s upstream operations.
This collaboration marks a significant step toward aligning Quorum’s advanced technology platforms with Dragon Oil’s strategic performance drivers for 2025, with a shared commitment to innovation, data reliability, and informed decision-making.
“We are proud to work strategically with Dragon Oil on their journey toward digital excellence,” said Julian Lambert, Managing Director Middle East, Quorum Software. “This collaboration represents a powerful convergence of vision, technology, and operational insight – one that will unlock new efficiencies and long-term value for Dragon Oil.”
Under the MoU, Quorum and Dragon Oil will seek to collaborate to explore and implement advanced digital solutions in crucial areas including Reserves Man-agement, Asset Development and Planning, and Production Data Forecasting.
By leveraging Quorum’s expertise in AI, machine learning, and integrated data ecosystems, the two companies aim to improve data visibility, strengthen cross-functional integration, and enhance operational decision-making capabilities.
“Digital transformation is central to Dragon Oil’s strategy for sustainable performance,” said Ali Rashid Al Jarwan, Managing Director, Exploration & Production CEO, Dragon Oil. “This MoU is a key milestone that will enable us to strengthen our data foundation, optimise planning processes, and position our business for long-term success.”
The collaboration will also seek to promote innovation and continuous improvement through joint workshops and knowledge sharing to ensure alignment with Dragon Oil’s operational priorities and performance goals.
The agreement was signed during GOTECH 2025, a premier energy technology conference held under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, further underscoring both companies’ commitment to innovation and collaboration at the forefront of the industry.
Image: The official signing moment at GoTech Dubai. Those pictured are: front row (left to right): Julian Lambert, Managing Director Middle East, Quorum Software; Ali Rashid Al Jarwan, Managing Director, Exploration & Production CEO, Dragon Oil. Back row (left to right): Mr. Hussain Lootah and Mr. Ahmad Sharaf, Board Members, Dragon Oil.
Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/20052025/quorum-software-and-dragon-oil-sign-mou-for-digital-transformation/
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