Company Website:
http://www.halliburton.com
HOUSTON -- (Business Wire)
Microsoft (Nasdaq: MSFT) and Halliburton (NYSE: HAL) today announced
plans to enter into a strategic alliance to drive digital transformation
across the oil and gas industry. The relationship will combine the
expertise of a global leader in cloud and digital transformation with a
global leader in exploration and production (E&P) science, software and
services.
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“Halliburton is focused on delivering intelligent cloud solutions to
drive the next generation of efficient oil and gas exploration and
production,” said Jason Zander, corporate vice president of Microsoft
Azure. "We are excited to bring the power of Azure’s hyperscale, hybrid
and global cloud platform technologies to this alliance to enhance the
value chain for our mutual customers."
Researchers and engineers from both companies will leverage and optimize
Microsoft technologies in machine learning, augmented reality (AR), user
interactions and Industrial Internet of Things, as well as Azure's
high-performant infrastructure and built-in computing capabilities to
deliver tightly integrated solutions across the energy value chain.
Areas of collaboration include: applying deep learning to reservoir
characterization, modeling and simulation, building domain-specific
visualization for mixed reality, creating highly interactive
applications and fueling the digitalization of E&P assets.
As a first step in the alliance, Halliburton has made DecisionSpace®
365 available on Azure, enabling real-time data streaming from IoT
edge devices in oilfields and the ability to apply deep-learning models
to optimize drilling and production to lower costs for customers. With
the power of DecisionSpace® on Azure, big compute and
predictive deep-learning algorithms will help optimize field assets and
enable next-generation exploration and deep-earth models by using
software to fill gaps in sensor data, while reducing the number of steps
and time required to render models.
“Halliburton is at the forefront of the digital transformation occurring
in the E&P industry,” said Nagaraj Srinivasan, senior vice president of
Landmark and Halliburton Digital Solutions. “We believe open
architecture and community-based innovation are necessary to drive this
fundamental change and we’re proud to work closely with an industry
leader like Microsoft to deliver tailored E&P digital business solutions
to our customers across the globe.”
The breadth and depth of this collaboration will allow the companies to
apply voice and image recognition, video processing and AR/Virtual
Reality to create a digital representation of a physical asset using
Microsoft’s HoloLens and Surface devices. Additionally, the companies
will utilize digital representation for oil wells and pumps at the IoT
edge using the Landmark Field Appliance and Azure Stack.
Microsoft Azure will also become Halliburton’s preferred public cloud
provider for iEnergy®, the oil and gas industry’s first
global E&P cloud linking the oilfield to the office.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With approximately 50,000
employees representing 140 nationalities, and operations in
approximately 70 countries, the company serves the upstream oil and gas
industry throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction, completion and production optimization.
Visit the company’s website at www.halliburton.com.
Connect with Halliburton on Facebook,
Twitter,
LinkedIn,
and YouTube.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and
productivity company for the mobile-first, cloud-first world, and its
mission is to empower every person and every organization on the planet
to achieve more.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170822005161/en/
Contacts:
For Halliburton
Investors:
Lance
Loeffler
Halliburton, Investor Relations
Investors@Halliburton.com
281-871-2633
or
Media:
William
Fitzgerald
Halliburton, Public Relations
PR@Halliburton.com
281-871-2601
or
For
Microsoft
Microsoft Media Relations
WE
Communications for Microsoft
(425) 638-7777
rrt@we-worldwide.com
Source: Microsoft and Halliburton
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