The suite of Microsoft digital tools will allow field operators to collect loads of data every second, which can be analyzed by onsite operators, engineers and researchers across the country. Each quarter our research … Thank you for subscribing. Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. CPLANE.ai and ExxonMobil to work on digital transformation. It’s in this garage where … 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. “Our cloud infrastructure and business applications will continue to support ExxonMobil as it fully realizes its strategy across the Permian.”. Master CIO Interview: The Digital Business Journey Begins at ExxonMobil Published: 03 November 2016 ID: G00317842 Analyst(s): Rich McAvey Summary This research profiles the digital business … “What was possible 10 years ago is nothing like what we’re doing today, and that trend of rapid innovation will only exponentially accelerate going forward.”. “The unconventional business is fast moving, complex and data rich, which makes it well suited for the application of digital technologies to strengthen our operations and help deliver greater value.”. Alysa Taylor, corporate vice president of Microsoft Business Applications and Industry, said ExxonMobil is taking a leadership approach in its digital strategy. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. Read ExxonMobil's 2019 Annual Report and 2019 Financial and Operating Review to learn about the company's competitive advantages in technology, scale, integration, functional … The newest way ExxonMobil is leveraging digital is through the launch of its first-ever mobile application. Uchariya brings a proven track record of success leading all aspects of IT, including strategy, architecture, and digital transformation to his new role. “Data is the new oil.” The quote goes back to 2006, credited to mathematician Clive Humby. Its mission is to empower every person and every organization on the planet … Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Because technology was named a key player for its $31 billion goal, the company had to confront the … digital transformation Last year, ExxonMobil announced plans for "aggressive growth," pushing to double its earnings by 2025 without changing customer pricing. Already subscribed? All Rights Reserved. With the additional layer of Microsoft’s intelligent business applications, such as Dynamics 365, ExxonMobil and XTO will have a complete, end-to-end view of the Permian operations. Learn more about ExxonMobil’s and other leading companies' digital transformation journey at CoRE Tech on Nov. 13-15 in Silicon Valley. ExxonMobil aims to use Microsoft Azure, Dynamics 365 to wring more oil, profit out of Permian Basin. We are committed to meeting the growing demand for energy, while at the same time reducing the environmental impacts. For ExxonMobil, the transformation includes integrating Amazon Business into their e-procurement system, Smart by GEP (known internally to ExxonMobil as " BuySmart "), one of more than 110 e … Bandsintown and ExxonMobil have both established digital mobile capabilities that reach millions of users. “Digital technology is a fundamental enabler for our Permian development,” said Gjervik. All Rights Reserved. Importantly, leak detection and repair response times could be further reduced with enhanced access to emissions data, strengthening XTO’s voluntary actions to manage methane emissions. The utility of data as a driver of digital transformation … University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, voluntary actions to manage methane emissions, Permian application to generate billions of dollars in value over the next decade and drive capital efficiency, Potential to expand production by as much as 50,000 oil-equivalent barrels a day by 2025, Largest-ever oil and gas acreage to use cloud technology. Please check your email to validate your sign up. The data will enable ExxonMobil to make faster and better decisions on drilling optimization, well completions and prioritization of personnel deployment. Apr 2020 – Present 4 months. For more than 135 years, we have pioneered the science and research that enables innovative technologies, changing our industry and the world. Your browser version does not support copying to clipboard. “There is ripe opportunity for the energy industry to transform how we leverage our data flows,” said Anish Patel, ExxonMobil’s Permian technology integration manager. Actual future results, including project plans and timing, future production rates and cash flows, and the impact and results of new technologies, including productivity and efficiency gains and emission reductions, could vary depending on the outcome of further research and testing; the development and competitiveness of alternative technologies; the ability to scale pilot projects on a cost-effective basis; technical and operating factors; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com. "PIDX International … Undertaking a #digitaltransformation is a concerted effort and a journey. Houston, Texas, United States. ... Digital transformation… Often found in remote corners of the world, these fields of the future will rely on a similar digital network that everyday consumers count on – like smart home thermostats and mobile banking apps, which help limit energy use and drive more productivity. “Digital transformation and interoperability is on the immediate agenda of all companies in oil and gas,” Chris Welsh, chairman of the PIDX board, said in a statement. Stay up to date with the latest from ExxonMobil. In the Permian Basin, one of America’s most bountiful unconventional fields, ExxonMobil engineers and Microsoft programmers are working on a digital transformation that will maximize output from ExxonMobil’s more than 1 million acres of operation, making this the largest-ever oil and gas acreage to use cloud technology. ExxonMobil’s partnership with Microsoft includes an integrated cloud environment that securely and reliably collects real-time data from oil field assets spanning hundreds of miles. “Microsoft is focused on the business outcomes of our customers, with customer success as a top priority for empowering organizations to achieve more,” said Kate Johnson, president, Microsoft U.S. “Our partnership with ExxonMobil has the potential to transform the energy industry in how to leverage data to increase and maximize production.”. Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Collaboration with Microsoft is key to our future development efforts, which include predictive maintenance capacities, innovative tools for employees, and artificial intelligence and machine learning integration.”. ExxonMobil's primary responsibility is to produce the energy and products the world needs in a responsible manner. 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