ARMONK, N.Y., April
21, 2016 /PRNewswire/ -- IBM (NYSE: IBM) today announced
that Halliburton has adopted IBM Cloud to run its sophisticated
reservoir simulation software to help it better understand how
complex oil and gas fields might behave under different development
scenarios.
Halliburton, a global service provider to the oil and gas
industry, uses large reservoir simulation models to help oil and
gas companies select the right development strategy to maximize
production from oil and gas fields. These decisions can involve
billions of dollars for a large field.
Using high performance computing and the GPU features of the IBM
Cloud, Halliburton can quickly run hundreds of simulation cases to
forecast the possible behavior of complex oil and gas fields.
Through the use of the IBM Cloud, which features both bare metal
and virtual servers, Halliburton has the flexibility to scale up
and upgrade to the latest hardware based on customer needs.
Halliburton can also switch from a capital expenditure to an
operating expenditure model, reduce costs, and accommodate business
needs based on demand.
"Selecting the right development strategy is a
multibillion-dollar decision for a large oil and gas field," said
Steven Knabe, a director in
Halliburton Consulting, which specializes in formulating
development plans for both new and mature fields. "Using high
performance computing of the IBM Cloud, we can run very detailed
simulation models and evaluate a wide range of field development
options, which translates into better field development plans for
our clients and a competitive advantage for our business."
"Halliburton is a global energy services leader that requires
vast scalability and speed," said Jim
Comfort, CTO and General Manager, Architecture, IBM Cloud.
"They push the boundaries of computing and big data every day to
create the insights that drive the business. The IBM Cloud platform
was designed to support leaders like Halliburton as they build
cognitive businesses at scale."
About IBM Cloud
For more on IBM Cloud please visit
here.
Contact
Mike
Zimmerman
IBM Media Relations
(914) 766-4935
mrzimmerman@us.ibm.com
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SOURCE IBM