A 2011 study by Intersect360 Research found that the oil and gas sector has the highest overall rate of internal software usage; companies in the energy sector produce and maintain more in-house applications and algorithms than any other commercial sector.
According to IDC’s Processors/Co-processors/Accelerators Report (one of six reports in the IDC Worldwide HPC End-User Study), the percentage of HPC sites employing co-processors or accelerators in HPC systems increased to 76.9 percent in 2013, up from 28.2 percent in 2011.
The massive increases in the amount of data that needs to be processed, analyzed, stored and updated are driving these advances in computing power.
Oil & Gas companies are also dependent on HPC to reduce uncertainties in drilling & production via 3D simulations & 4D modeling technologies.
“In our field, the last decade was devoted to Big Data. This is the decade of sensing.” Peter Breunig, GM , Chevron IT, who spoke at seventh annual Rice Oil and Gas High-Performance Computing (HPC) Workshop .
This is quite apt as with the advancement in sensor technology, the sensor data is increasing exponentially and will continue to rise. The challenge will be to listen and process in the most appropriate ways
The challenges for the Oil & Gas industry hence are ample,
- The scale is so large that there will be challenges in programming, integrations and energy/power
- How the data flows, in terms of nature, speed and function
- Infrastructure issues: Power, cooling, real-estate
Which one do you think is the most challenging? Do you think there are other challenges?
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