ExxonMobil: to use Microsoft cloud in Permian Basin
(CercleFinance.com) - ExxonMobil said on Friday that it has reached a new partnership with Microsoft to use cloud technology to improve its operations in the Permian Basin in Texas, which is the biggest US oil field.
The application of Microsoft technologies, such as machine learning and Internet of Things, is expected to improve production by up to 50,000 oil-equivalent barrels per day by 2025, the US energy giant said.
Permian Basin acreage, which covers a 9.5 billion oil-equivalent barrel resource and over 1.6 million acres, represents the industry's largest acreage position using cloud technology, Exxon said.
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The application of Microsoft technologies, such as machine learning and Internet of Things, is expected to improve production by up to 50,000 oil-equivalent barrels per day by 2025, the US energy giant said.
Permian Basin acreage, which covers a 9.5 billion oil-equivalent barrel resource and over 1.6 million acres, represents the industry's largest acreage position using cloud technology, Exxon said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.