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Exxon to partner with Microsoft to boost Permian profitability

22/02/2019
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ExxonMobil has today signed a new partnership with Microsoft to make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology which is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.
The utilisation of cloud software could improve Permian production growth by as much as 50,000 oil-equivalent barrels per day by 2025.
(Image via XTO Energy).

The array of Microsoft technologies to be utilised by XTO Energy- ExxonMobil’s shale-focused subsidiary- include Dynamics 365, Azure, Machine Learning and Internet of Things. The utilisation of these technologies is expected to improve capital efficiency and support Permian production growth by as much as 50,000 oil-equivalent barrels per day by 2025.

“The combination of Microsoft’s technologies with our unique strengths in oilfield technologies, production efficiency and integration will help drive growth in the Permian and serve as a model for additional implementation across the U.S. and abroad,” said Staale Gjervik, senior vice president, Permian Integrated Development for XTO. “The unconventional business is fast moving, complex and data rich, which makes it well suited for the application of digital technologies to strengthen our operations and help deliver greater value”.

ExxonMobil’s partnership with Microsoft includes an integrated cloud environment that securely and reliably collects real-time data from oil field assets spanning hundreds of miles. The data will enable ExxonMobil to make faster and better decisions on drilling optimisation, well completions and prioritisation of personnel deployment. Importantly, leak detection and repair response times could be further reduced with enhanced access to emissions data, strengthening XTO’s voluntary actions to manage methane emissions.

ExxonMobil’s application of these technologies in its Permian Basin acreage, which covers a 9.5 billion oil-equivalent barrel resource base and more than 1.6 million acres, represents industry’s largest acreage position using cloud technology.

“Digital technology is a fundamental enabler for our Permian development,” said Gjervik. “Through our partnership with Microsoft, we’re combining our technical and engineering expertise with cloud and data analytics capabilities to develop the Permian resource in the most capital-efficient manner. Collaboration with Microsoft is key to our future development efforts, which include predictive maintenance capacities, innovative tools for employees, and artificial intelligence and machine learning integration”.

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Tags: Oil & Gas
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Exxon to partner with Microsoft to boost Permian profitability - Time to read 2 min
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