How Does the Cloud Help Oil and Gas Companies?

Oil and gas companies face challenges in many areas. Exploration can be costly and, often, fruitless without access to the right information. Profits are often razor-thin, and prices continue to drop. The energy industry is also one of the most volatile on the planet, with renewables acting as major disruptors. Cloud platforms deliver significant
capabilities to help offset these challenges and make it easier to grow and thrive.

With access to big data and analytics, oil and gas companies can extract deep insights from exploration-related data and make better-informed decisions, reduce exploration and extraction costs, and more. It is also possible to revolutionize complicated IT workflows, simplifying and streamlining, while ensuring compliance with regulations and
fostering faster, more accurate communication across the entire company.

Access to machine learning provides oil and gas companies with the ability to extract deeper information about rock density, porosity, and permeability and increase accuracy in predicting oil and gas deposits, and even improve efficiency in extraction. Incomplete datasets can be enhanced, expanded, and transformed into a more valuable asset.

These are just a few of the ways that cloud-based technology can not only help oil and gas companies grow but help to streamline and improve the entire industry. Ready to transform your organization? Contact us today to schedule a consultation.

What Are the Benefits for Oil and Gas Companies?

Cloud technology available through platforms like Amazon Web Services and MS Azure deliver crucial benefits to oil and gas companies. Some of the most important include the following: