Chevron Corporation has signed a seven-year partnership agreement with Microsoft Corp. establishing the company as Chevron’s primary cloud provider and accelerating the application of advanced technologies including analytics and the Internet of Things (IoT) to drive performance and improve efficiencies.
“We embrace every opportunity that streamlines our workflows, gives us insights into more efficient operations and helps us compete,” Joe Geagea, Chevron’s executive vice-president of Technology, Projects and Services, said in a statement. “We already have a head start in digitizing our oilfields, but we want to accelerate our deployment of new technologies that position us to increase our revenues, lower our costs and improve the safety and reliability of our operations.”
Chevron said the Microsoft partnership is part of its overall digitization initiative, a multi-year effort to streamline information technology (IT) operations around a digital core connecting the company’s engineers and operations through nimble analytics and increased automation.
Adoption of Microsoft’s Azure platform will allow Chevron’s IT workforce to evolve from supporting infrastructure to one that enables more advanced technologies, as well as optimize exploration, reservoir management, production operations, midstream logistics and marketing operations, the company said in a press release.
The partnership also extends to broader technical collaboration that will allow the two companies to focus on joint innovation from a technology and business process perspective. That will include identifying areas to influence Microsoft’s roadmap of future products and where Microsoft solutions can help solve Chevron’s business challenges.
“With Chevron and Microsoft, intelligent energy meets intelligent cloud,” said Jason Zander, corporate vice-president of Microsoft Azure. “Our global cloud infrastructure – which has more regions around the world than any other cloud provider – will enable Chevron to leverage our capabilities across areas like high-performance computing and Internet of Things to become a truly digital business.”