Navin Shenoy, Executive Vice President and General Manager, Intel CorporationNavin Shenoy, Executive Vice President and General Manager
The oil and gas sector has been readily embracing digitization in recent times as companies continue to modernize their OT and IT infrastructure to manage costs. The digitization in oilfields helps to deploy a minimum workforce in remote onshore and offshore exploration sites, which significantly increases the demand for operational digital oilfield solutions. According to Fortune Business Insights’ recent report, the global digital oilfield market size is expected to reach $29.82 billion by 2027, exhibiting a CAGR of 5.04 percent during the forecast period. The growth in the adoption of digital oilfields in the oil and gas sector can be attributed to automation, data analytics, and increased connectivity.

As oil and gas companies double down on data-driven digitalization, they face the grim challenge to efficiently collect, analyze, and visualize masses of data from highly diverse and distributed sources to make better-informed business decisions while improving return on investment. In this regard, digital oilfields help operators integrate, interpret, and act on production-related information in real-time to optimize their field operations. However, to realize that potential, companies need to invest in the right combination of digital technologies and equipment to support every phase of the asset life cycle— exploration, development, and production. As an industry leader renowned for creating world-changing technology, Intel Corporation (NASDAQ: INTC) is committed to moving toward a data-driven energy market. Intel’s IoT technologies and solutions offer the flexibility, standardization, and innovation that oil and gas industry demands to increase operational and capital efficiencies. The purpose of the company’s digital or smart oilfield solutions is straightforward—to optimize production, improve operational efficiency, and increase productivity through integrated workflows. Intel® technologies help operators optimize oilfield operations with fully interoperable and scalable solutions from the edge to the cloud.

Intelligent Oilfield Solutions

There is no denying that modern technology is necessary to power a data-driven world, from data acquisition (data-upstream) to its consumption (data-downstream). Intel is playing a key role in developing the technologies that will enable this transition, right from scaling AI to attain the true goal of Industry 4.0, industrial IoT, to more secure and intelligent edge computing. The company is driving the future of digital oilfields with its technologies, services, and ecosystem leadership. As such, Intel offers solutions designed to make implementations simpler, effective, and more economical across the entire production life cycle.

Intel is uniquely positioned with the architecture, design and manufacturing to deliver the breadth of intelligent silicon and solutions our customers demand

In 2021, Intel today launched its most advanced, highest-performance data center platform optimized to power the industry’s broadest range of workloads—from the cloud to the network to the intelligent edge. These new 3rd Gen Intel® Xeon® Scalable processors are the foundation of Intel’s data center platform, enabling customers to capitalize on some of the most significant business opportunities by leveraging the power of AI. “Our 3rd Gen Xeon® Scalable platform is the most flexible and performant in our history, designed to handle the diversity of workloads from the cloud to the network to the edge,” states Navin Shenoy, Executive Vice President and General Manager of the Data Platforms Group at Intel. “Intel is uniquely positioned with the architecture, design, and manufacturing to deliver the breadth of intelligent silicon and solutions our customers demand,” he adds.

In order to help operators from an exploration aspect, Intel also offers its Optane™ DC persistent memory. “Intel Optane DC persistent memory is a groundbreaking technology that helps address real problems our customers face. In the data-centric era, businesses need to move data faster, store more of it and process everything. Delivered with next-generation Intel® Xeon® Scalable processors, this technology will transform critical data workloads, from cloud, databases and high-performance computing to in-memory analytics and content delivery networks,” says Lisa Spelman, Vice President and General Manager, Intel Xeon Products and Data Center Marketing. With the Intel® Xeon® Scalable processors and Intel® Optane™ DC persistent memory, operators can take advantage of high-performance parallel processing to find new reserves with less delay. Combined with the company’s portfolio of its Optane™ persistent memory and storage, Ethernet adapters, FPGAs, and optimized software solutions, Intel® Xeon® Scalable processors deliver performance and workload optimizations across hybrid-cloud, high-performance computing (HPC), networking, and intelligent edge applications. These processors feature a flexible architecture with integrated artificial intelligence (AI) acceleration with Intel® DL Boost technology, along with advanced security capabilities to protect data and application code with Intel® Software Guard Extension (Intel® SGX) and Intel® Crypto Acceleration.

Enabling a Sustainable Future

On the development front, Intel offers its Scalable System Framework (Intel® SSF) for high-performance computing. It combines highly scalable processing, powerful workstations, and modernized software code to help companies run more precise reservoir simulations, shorten compute times, and ensure maximum capital efficiency.
  • Our 3rd Gen Xeon® Scalable platform is the most flexible and performant in our history, designed to handle the diversity of workloads from the cloud to the network to the edge

Furthermore, Intel is making resilient efforts to make oil production more effective. The company’s architecture-based IoT solutions and services are designed to accelerate production, from remote asset monitoring to recovery optimizations. Additionally, Intel® IoT Gateway Technology and other digital oilfield solutions provide real-time controls and analytics at the edge, enabling significant oil recovery and investment returns.

Oil and gas companies can seamlessly transition from customized, proprietary components to commercial off-the-shelf (COTS) solutions by standardizing around a reference architecture. Against this backdrop, integrating on the new generation of standardized, interoperable Intel® architecture-based industrial PCs enables seamless systems integration and data analytics to improve operational efficiency. Additionally, Intel empowers operators to streamline operations as well as performance analytics at the edge to reduce network overloads by replacing multiple single-function devices with a single Intel® Universal Wellpad Controller.

For a sustainable future, as part of its 2030 corporate responsibility strategy and goals, Intel plans to create a collective approach to reduce emissions for the semiconductor manufacturing industry and increase the use of technology in the oil and gas sector. Moving ahead, Intel aims to evolve its corporate responsibility strategy to increase the scale of its partnership with other organizations and further harness the power of technology to solve global challenges.

Intel is committed to building upon its accomplishment and continuing to raise the bar for itself and its suppliers through new 2030 goals. The company strives to apply its deep experience as a leader in global manufacturing to embark on several collaborative initiatives to help its customers achieve their sustainability goals and accelerate progress in key areas across the entire technology industry. In its pursuit to stay ahead of the curve, Intel is dedicated to developing and investing in innovative technology and solutions and ultimately power the next chapter of the global energy industry