Exxon Partners With Microsoft to Boost Permian Oil Production
- Big data initiative to contribute to Exxon’s production goals
- Partnership is ‘fundamentally different’ approach to tech
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Exxon Mobil Corp. is partnering with Microsoft Corp. to crunch trillions of bits of data as the oil titan seeks to more than triple shale-oil production in the Permian Basin in less than a decade.
Exxon will use Microsoft’s cloud-computing technology to monitor and analyze the vast amounts of data generated by its sprawling array of drilling rigs, wells, pipelines, refineries and chemical plants, the company said in a statement.