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Spanish firm to use IBM’s tech to find new oilfields

Technology

Spain-based energy firm Repsol has announced that it will use IBM’s supercomputer Watson for developing data analysis tools to find new oilfields

Watson was created in 2006 by software service provider IBM and can process questions asked by humans in natural language.

Santiago Quesada, director for exploration and production technology at Repsol, said, “The companies will seek to develop applications to analyse data on geology and crude reserves. This is the first time Watson will be used in the energy industry.”

According to IBM, Watson would help the oil and gas industries by analysing hundreds of thousands of papers, prioritising data and linking that data to the specific decision at hand.

“It will introduce new real-time factors to be considered such as current news events around economic instability, political unrest and natural disasters. The objective is to build conceptual and geological models, highlight the impact of the potential risks and uncertainty to ensure the best decision is made,” added IBM.

Quesada revealed that the scientists at IBM’s Cognitive Environments Laboratory (CEL) would experiment with a combination of traditional and new interfaces based upon spoken dialogue, gesture, robotics, advanced visualisation and navigation techniques to develop data analytics tool to find new oilfields.


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