Exxon Mobil is partnering with Microsoft to extract data as the oil titan seeks to more than triple shale-oil production in the Permian Basin in less than a decade.
ExxonMobil’s XTO Energy subsidiary will apply Microsoft's technologies – including Dynamics 365, Microsoft Azure, Machine Learning and the Internet of Things – to improve capital efficiency and support Permian production growth by as much as 50,000 oil-equivalent barrels per day by 2025.
ExxonMobil’s partnership with Microsoft includes an integrated cloud environment that collects real-time data from oil field assets spanning hundreds of miles. The data will enable ExxonMobil to make faster and better decisions on drilling optimization, well completions and prioritization of personnel deployment. Importantly, leak detection and repair response times could be further reduced with enhanced access to emissions data.
ExxonMobil’s application of these technologies in its Permian Basin acreage, which covers a 9.5 billion oil-equivalent barrel resource base and more than 1.6 million acres, represents industry’s largest acreage position using cloud technology.
Microsoft’s platforms, including Azure Data Lake, will enable ExxonMobil to rapidly incorporate third-party solutions at scale across the Permian. Examples include mobile field data apps to optimize well performance, and AI algorithms for analyzing drilling and completions data to improve performance.