Microsoft, Exxon Mobil to use cloud computing in US oil producer’s shale operations

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer’s shale operations, they said on Friday, helping to boost profitability in the nation’s largest shale field.
The companies will collect data from Exxon’s wells and other production assets in the Permian Basin of West Texas and New Mexico, where the world’s largest publicly traded oil and gas company holds 1.6 million acres, and make it immediately accessible to Exxon workers.
The value of the agreement was not disclosed. But the partnership is the industry’s largest in cloud computing, Exxon said in a statement.