Microsoft and Halliburton form alliance to digitise oil and gas industry
Microsoft and Halliburton have entered a strategic alliance to facilitate digital transformation in the oil and gas industry.
The partnership will leverage on Microsoft’s expertise in cloud and digital transformation along with Halliburton’s knowledge in exploration and production (E&P) science, software and services.
Engineers from the two companies will work to optimise Microsoft technologies in machine learning, augmented reality (AR), user interactions, Industrial Internet of Things (IoT), and improve cloud computing service Azure.
The scope of collaboration includes reservoir characterisation, modelling and simulation, developing highly interactive applications, and facilitating digitalisation of E&P assets.
Microsoft Azure corporate vice-president Jason Zander said: “Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient oil and gas exploration and production."
Under the partnership, Halliburton’s DecisionSpace 365 is available on Azure that will allow real-time data streaming from IoT edge devices in oilfields.
It will also enable the application of deep-learning models to optimise drilling activity and reduce production costs.
DecisionSpace is also competent to enable next-generation exploration and deep-earth models of the assets through the use of software to fill gaps in sensor data.
The partnership will also help oil and gas companies to employ voice and image recognition, video processing, and AR/Virtual Reality, while creating a digital representation of an asset leveraging on Microsoft’s HoloLens and Surface devices.
Oil wells and pumps can also be digitally represented at the IoT edge by Landmark Field Appliance V2 and Azure Stack.