August 22, 2017 | Microsoft Information Center
HOUSTON вЂ“ August 22, 2017 вЂ“ Microsoft Corp. (Nasdaq: MSFT) and Halliburton (NYSE: HAL) today announced intends to come into a strategic alliance to drive electronic change throughout the gas and oil industry. The connection will combine the expertise of a leader that is global cloud and electronic change with a worldwide frontrunner in research and manufacturing (E&P) technology, computer software and solutions.
вЂњHalliburton is focused on delivering smart cloud solutions to push the following generation of efficient coal and oil research and production,вЂќ stated Jason Zander, business vice president of Microsoft Azure. вЂњWe are excited to create the effectiveness of AzureвЂ™s hyperscale, hybrid and global cloud platform technologies for this alliance to improve the worth string for the shared clients.вЂќ
Scientists and designers from both organizations will leverage and optimize Microsoft technologies in
As a first part of the alliance, Halliburton has made DecisionSpace В® 365 available on Azure, allowing real-time information streaming from IoT side devices in oilfields in addition to capability to use deep-learning models to optimize drilling and production to reduce prices for clients. Using the energy of DecisionSpace В® on Azure, big compute and predictive deep-learning algorithms helps optimize industry assets and allow next-generation exploration and deep-earth models by making use of computer software to fill gaps in sensor information, while decreasing the wide range of actions and time needed to make models.
вЂњHalliburton are at the forefront for the digital change occurring within the E&P industry,вЂќ said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. вЂњWe believe open architecture and community-based innovation are required to drive this fundamental modification and weвЂ™re proud to operate closely with a business frontrunner like Microsoft to provide tailored E&P digital company answers to our clients around the world.вЂќ
The breadth and level with this collaboration will let the businesses to utilize vocals and image recognition, movie processing and AR/Virtual truth to produce an electronic digital representation of a real asset utilizing MicrosoftвЂ™s HoloLens and Surface products. Furthermore, the firms will use representation that is digital oil wells and pumps during the IoT advantage making use of the Landmark Field Appliance V2 and Azure Stack.
Microsoft Azure will even become HalliburtonвЂ™s preferred cloud that is public for iEnergy В® , the oil and fuel industryвЂ™s first global E&P cloud linking the oilfield towards the workplace.
About Microsoft: Microsoft (Nasdaq вЂњMSFTвЂќ @microsoft) is the leading platform and efficiency company when it comes to mobile-first, cloud-first globe, as well as its objective is always to empower everyone and each company on earth to produce more.
About Halliburton Founded in 1919, Halliburton is amongst the worldвЂ™s biggest providers of services and products to your power industry. With more or less 50,000 workers representing 140 nationalities, and operations in around 70 nations, the business acts the upstream gas and oil industry for the lifecycle for the reservoir вЂ“ from finding hydrocarbons and handling geological information, to drilling and development evaluation, well construction, conclusion and manufacturing optimization. Look at the ongoing companyвЂ™s site at www.halliburton.com. Relate to Halliburton on Twitter, Twitter, LinkedIn, and YouTube.
Investors: Lance Loeffler Halliburton, Investor Relations [email protected] 281-871-2633
Media: William Fitzgerald Halliburton, Public Relations [email protected] 281-871-2601
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