Emerson, a global engineering and technology company, said Sept. 17 its entire E&P software suite is now available on Microsoft Azure’s cloud computing platform, enabling oil and gas companies to securely take advantage of digital technologies to better model and optimize production in new and established reservoirs.
A leading independent provider of E&P software, Emerson now delivers seismic processing and imaging, data interpretation, subsurface modeling, formation evaluation, reservoir engineering, production optimization, and other services with faster, more powerful computing power to connect critical subsurface intelligence with surface operations.
The enormous growth in the volume and complexity of petrotechnical data, combined with the need to reduce costs and enhance productivity in the E&P market, poses a growing challenge for today’s chief information officers. Emerson addresses these challenges by utilizing cloud computational horsepower while leveraging proven and reliable machine learning algorithms and other technologies.
Harnessing the power of Microsoft Azure also provides more flexible, scalable and collaborative work processes, helping operators increase efficiencies and achieve Top Quartile performance—operations and capital performance in the top 25% of peer companies.
“This expanded platform provides greater data analytics power and flexibility for some of the most challenging operational environments in the industry. When you combine our software with our technology and experience in the production area, we have a unique capability in the oil and gas marketplace,” Peter Zornio, chief technology officer, Emerson’s Automation Solutions business, said.
Emerson’s E&P cloud-hosted software, which can run on Azure and other leading cloud platforms, is currently available in two business options: customer-managed, in which customers run the software on cloud computing platforms and storage under management by their own IT organizations; and Emerson-operated, in which Emerson manages IT operations on the cloud, including the cloud platform, software support, maintenance and operation. The solution utilizes Microsoft’s strategically placed Azure datacenter regions for faster performance and compliance with local government regulations.
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The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.
Well-Safe Solutions has awarded a significant work scope to Schlumberger for the provision of plug and abandonment well services, the company said on Feb. 13.