XTO Energy subsidiary is using digital technologies to improve efficiency and production
Elly Yates-Roberts |
This article was originally published in the Autumn 2019 issue of The Record. Subscribe for FREE here to get the next issues delivered directly to your inbox.
ExxonMobil is partnering with Microsoft to improve its analyses and enhance operational efficiencies at its Permian Basin acreage, making it the largest-ever oil and gas acreage to use cloud technology.
The company’s XTO Energy subsidiary is applying Microsoft technologies including Dynamics 365, Microsoft Azure, machine learning and the internet of things, and expects to improve capital efficiency and support Permian production growth by as much as 50,000 oil-equivalent barrels per day by 2025.
The partnership includes an integrated cloud environment that securely and reliably collects real-time data from oil field assets spanning hundreds of miles. As well as enabling ExxonMobil to make faster and better decisions, this could also further reduce leak detection and repair response times and strengthen XTO’s voluntary actions to manage methane emissions.
Microsoft’s platforms, including Azure Data Lake, will enable ExxonMobil to rapidly incorporate third-party solutions at scale across the Permian. And with the additional layer of intelligent business applications such as Dynamics 365, ExxonMobil and XTO will have a complete, end-to-end view of the Permian operations.