Energy Magazine October 2020 | Page 83

CEO : MIKE WIRTH [ FOUNDED : 1879 ]

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08 Chevron

CEO : MIKE WIRTH [ FOUNDED : 1879 ]

Seeing the potential of a digital oilfield earlier than most , Chevron started exploring the concept in 2002 and started reaping the financial and operational benefits soon after . However , a partnership with Microsoft in 2017 supercharged Chevron ’ s efforts , establishing it with a cloud provider ( Azure ), IoT support and an advanced suite of analytics to drive performance . “ We embrace every opportunity that streamlines our workflows , gives us insights into more efficient operations and helps us compete . We already have a head start in digitizing our oilfields , but we want to accelerate our deployment of new technologies ,” says Exec VP Joe Geagea . Combining Microsoft ’ s technology with Chevron ’ s oil and gas expertise is likely to be a winning combination ; all aspects of the production cycle can be optimised , from exploration and reservoir management to logistics and marketing operations . www . energydigital . com