Microsoft and Halliburton Collaborate to Digitally Transform the Oil and Gas Industry
August 22 2017 - 7:15AM
Business Wire
Microsoft (Nasdaq: MSFT) and Halliburton (NYSE: HAL) today
announced plans to enter into a strategic alliance to drive digital
transformation across the oil and gas industry. The relationship
will combine the expertise of a global leader in cloud and digital
transformation with a global leader in exploration and production
(E&P) science, software and services.
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“Halliburton is focused on delivering intelligent cloud
solutions to drive the next generation of efficient oil and gas
exploration and production,” said Jason Zander, corporate vice
president of Microsoft Azure. "We are excited to bring the power of
Azure’s hyperscale, hybrid and global cloud platform technologies
to this alliance to enhance the value chain for our mutual
customers."
Researchers and engineers from both companies will leverage and
optimize Microsoft technologies in machine learning, augmented
reality (AR), user interactions and Industrial Internet of Things,
as well as Azure's high-performant infrastructure and built-in
computing capabilities to deliver tightly integrated solutions
across the energy value chain. Areas of collaboration include:
applying deep learning to reservoir characterization, modeling and
simulation, building domain-specific visualization for mixed
reality, creating highly interactive applications and fueling the
digitalization of E&P assets.
As a first step in the alliance, Halliburton has made
DecisionSpace® 365 available on Azure, enabling real-time data
streaming from IoT edge devices in oilfields and the ability to
apply deep-learning models to optimize drilling and production to
lower costs for customers. With the power of DecisionSpace® on
Azure, big compute and predictive deep-learning algorithms will
help optimize field assets and enable next-generation exploration
and deep-earth models by using software to fill gaps in sensor
data, while reducing the number of steps and time required to
render models.
“Halliburton is at the forefront of the digital transformation
occurring in the E&P industry,” said Nagaraj Srinivasan, senior
vice president of Landmark and Halliburton Digital Solutions. “We
believe open architecture and community-based innovation are
necessary to drive this fundamental change and we’re proud to work
closely with an industry leader like Microsoft to deliver tailored
E&P digital business solutions to our customers across the
globe.”
The breadth and depth of this collaboration will allow the
companies to apply voice and image recognition, video processing
and AR/Virtual Reality to create a digital representation of a
physical asset using Microsoft’s HoloLens and Surface devices.
Additionally, the companies will utilize digital representation for
oil wells and pumps at the IoT edge using the Landmark Field
Appliance and Azure Stack.
Microsoft Azure will also become Halliburton’s preferred public
cloud provider for iEnergy®, the oil and gas industry’s first
global E&P cloud linking the oilfield to the office.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
approximately 50,000 employees representing 140 nationalities, and
operations in approximately 70 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the
reservoir – from locating hydrocarbons and managing geological
data, to drilling and formation evaluation, well construction,
completion and production optimization. Visit the company’s website
at www.halliburton.com. Connect with Halliburton on Facebook,
Twitter, LinkedIn, and YouTube.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and
productivity company for the mobile-first, cloud-first world, and
its mission is to empower every person and every organization on
the planet to achieve more.
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