Since 2000, the oil and gas industry has been investing in high-performance computing (HPC). Every three years, its processing power has grown by 10 times.
70% of members of the National Center for Manufacturing Sciences (NCMS) believe increased adoption of HPC would lead to a competitive advantage.
With supercomputing, digital technologies like advanced sensors and data analytics can:
- Increase oil and gas production by 2% to 8%
- Reduce facility capital costs by 1% to 3%
- Lower operating costs by 5% to 25%