Microsoft is the Leading Cloud Provider for the Oil & Gas Industry
A recent study published by Kimberlite Oilfield Research with 151 geologists and geophysicists worldwide reveals that Microsoft remains the leading cloud provider serving the G&G community of the oil & gas industry. Amazon follows in 2nd place while Google continues to hold the 3rd position.
43% of the respondents interviewed report using Microsoft/Azure as their cloud provider followed by 22% of respondents citing the use of Amazon and 9% citing the use of Google. IBM continues to struggle in gaining any meaningful growth and penetration into the oil & gas market and is cited as being used by 4% of the respondents surveyed.
Microsoft got off to an early start with the G&G community and Amazon has been investing to catch up.
Cloud use and adoption is not growing at the rates anticipated by the E&P operators due to concerns about costs, privacy, and speed. Only 13% of current seismic data processing is performed accessing the Cloud and only 10% of G&G applications worldwide are accessed using the Cloud today (each up marginally from 7% in 2018). G&G professionals worldwide, however, remain optimistic that this low use of the Cloud today to access applications will grow to approximately 27% of G&G applications being accessed from the Cloud in two years.
38% of the oil & gas operators surveyed report that they prefer to have their processed seismic data delivered to them via the Cloud. This trend is also expected to increase.
Operators surveyed also indicate an increasing openness to using machine learning solutions/AI to support their future seismic data processing needs with 68% citing plans to use in the future.
Kimberlite will continue to monitor and track the use and adoption of the Cloud as well as the use of machine learning/AI technologies. Feel free to reach out to discuss.