Microsoft to Drive Digital Transformation in Oil and Gas
Towards the end of last year, we published a series of blog posts on digital disruption in the oil and gas industry, including the North Sea.
The articles argued that the digital revolution was only just beginning in oil and gas. Over the next few years, however, the Internet of Things, big data, artificial intelligence, machine learning and human-machine interaction will revolutionise the way oil and gas companies work.
There will be ‘winners’ and ‘losers’ as the industry transforms. ‘Winners’ will be oil and gas companies who leverage the full potential of emerging technologies to disrupt old ways of working, enabling a step change in productivity and efficiency through automation, cloud connected equipment, big data and advanced analytics.
Specifically for the North Sea, we argued that digital transformation was the key to future competitiveness as operators attempted to recover from the shock of the last few years. A seven step approach to digital change was recommended – Seven Ways Digital Technology Can Help the Recovery of North Sea Oil and Gas.
Microsoft to Drive Digital Transformation
Building on the above, and as a Microsoft Gold Partner, we read with interest the recent press release announcing that Microsoft and Halliburton have entered into a strategic alliance to drive digital transformation across the global oil and gas sector.
With Halliburton being one of the world’s largest providers of products and services to the energy industry, operating in 70 countries, the new relationship will combine the expertise of a global leader in cloud and digital transformation with a global leader in exploration and production science, software and services.
Researchers and engineers from both companies will leverage and optimise Microsoft technologies in machine learning, augmented reality (AR), user interactions and Industrial Internet of Things, as well as Azure’s high-performant infrastructure and built-in computing capabilities to deliver tightly integrated solutions across the energy value chain.
Jason Zander, Corporate VP Microsoft Azure, states:
“Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient oil and gas exploration and production. We are excited to bring the power of Azure’s hyperscale, hybrid and global cloud platform technologies to this alliance to enhance the value chain for mutual customers.”
As a first step in the alliance, Halliburton has made DecisionSpace® 365 available on Azure, enabling real-time data streaming from IoT edge devices in oilfields. Predictive deep-learning algorithms will help optimise field assets and enable next-generation exploration.
Microsoft Azure will also become Halliburton’s preferred public cloud provider for iEnergy®, the oil and gas industry’s first global E&P cloud linking the oilfield to the office.
You can access the full press release here.