ExxonMobil says that a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology.
The application of Microsoft technologies by ExxonMobil’s XTO Energy subsidiary – including Dynamics 365, Azure, Machine Learning and Internet of Things – is anticipated to improve capital efficiency and support Permian production growth by as much as 50,000 boe/d by 2025.
The work is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies, ExxonMobil said.
“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,” XTO senior vice-president Staale Gjervik said in a statement.
ExxonMobil says its partnership with Microsoft “includes an integrated cloud environment that securely and reliably collects real-time data from oilfield assets spanning hundreds of miles. The data will enable ExxonMobil to make faster and better decisions on drilling optimization, well completions and prioritization 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.”