Longstanding client Halliburton announced on 22 August 2017 that they will enter into a strategic new relationship with Microsoft to “drive digital transformation across the oil and gas industry”. The relationship is to combine Microsoft’s global leading expertise in cloud and digital transformation with Halliburton’s global leading expertise in exploration and production (E&P) science, software and services.
“Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient oil and gas exploration and production.
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.”
Corporate Vice President of Microsoft Azure
The new relationship will draw on Microsoft’s machine learning and augmented reality (AR) capabilities, as well as the high performance infrastructure and built-in computing capabilities offered by Microsoft’s cloud computing service known as Azure.
Areas of collaboration include “applying deep learning to reservoir characterisation, modelling and simulation, building domain-specific visualisation for mixed reality, creating highly interactive applications, and fuelling the digitalisation of E&P assets.”
Azure will be able to help optimise field assets and enable next-generation exploration and deep-earth models using its predictive learning algorithms. It is also envisaged that the software will fill in gaps in sensor data whilst also reducing the number of steps, and thus time, required to render models.
“Halliburton is at the forefront of the digital transformation occurring in the E&P industry.
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.”
Senior Vice President of Landmark and Halliburton Digital Solutions
If you would like further detail on any of the above, or would like to discuss developments in the Oil and Gas industry, then please do not hesitate to contact one of our experienced attorneys in the Engineering, Physics and Mechanical Devices sector.