🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

Published 18/06/2019, 07:14
© Reuters. FILE PHOTO: The logo of French oil giant Total is seen at La Defense business and financial district in Courbevoie
IBM
-

By Bate Felix

PARIS (Reuters) - Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.

The Pangea III computer build by IBM (NYSE:IBM) will help process complex seismic data in the search for hydrocarbons 10 times faster that before, Total said on Tuesday.

The computing power of the Pangea III has been increased to 31.7 so-called 'petaflops' from 6.7 petaflops in 2016, and from 2.3 petaflops in 2013, Total said, adding that it was the equivalent of around 170,000 laptops combined.

The computer ranks as number 1 among supercomputers in the oil and gas sector, and number 11 globally, according to the TOP500 table (www.top500.org) which ranks supercomputers twice a year.

Total's European peer Eni's HPC4 supercomputer is ranked number 17 in the global top 500 list.

Oil and gas companies, along with other industrial groups, are increasingly relying on powerful computers to process complex data faster. This enables them to cut costs while boosting productivity and the success rate of projects.

Total did not say how much it had invested in the new supercomputer.

The company's senior vice president for exploration, Kevin McLachlan, told Reuters that 80% of the Pangea III's time would be dedicated to seismic imaging.

"We can do things much faster," he said. "We are developing advanced imaging algorithms to give us much better images of the sub-surface in these complex domains and Pangea III will let us do it 10 times faster than we could before."

Total said the new algorithms can process huge amounts of data more accurately, and at a higher resolution.

It would also help to locate more reliably hydrocarbons below ground, which is useful in complex environments where it is exploring for oil trapped under salt, such as Brazil, the Gulf of Mexico, Angola and the Eastern Mediterranean.

McLachlan expected the increased computer power to affect Total's success rate in exploration, because of the better imaging, and in oil well appraisals, development and drilling. 

© Reuters. FILE PHOTO: The logo of French oil giant Total is seen at La Defense business and financial district in Courbevoie

"What used to take a week, now takes us a day to process," he said, adding that tens of millions of dollars of savings would be made on the oil wells as a direct result of obtaining better images.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.