Quantum Computing in Oil and Gas - Thematic Intelligence

Quantum Computing in Oil and Gas - Thematic Intelligence
Summary

Quantum computers use the properties of quantum physics to store data and perform computations. Although this technology is still in the research and development stage, its potential use cases in the oil and gas industry are numerous and are likely to expand. Several promising areas of application have been identified and companies are collaborating with technology players to advance their research. Oil majors, such as BP and ExxonMobil have joined IBM’s Q Network to develop quantum computers that will increase the understanding of subsurface geology. Companies are also looking at these computers to study molecular modeling and emission mitigation. Besides, the longstanding problems of matching demand with production and optimizing supply chains could be solved using quantum computing.

ScopeOverview of the emergence of quantum computing as a theme and its potential impact in the oil and gas industryReview of the recent technological advancements in quantum computing that could set the tone for its adoption across diverse industriesAssessment of the strategies and initiatives adopted by oil and gas companies to gain a first-mover advantage in this themeReasons to BuyUnderstand the importance of quantum computing in oil and gas operationsIdentify the key technology, macroeconomic, and industry trends influencing the quantum computing themeHighlight the likely impact of quantum computing on different functional areas across the oil and gas industryIdentify and benchmark key oil and gas companies and technology providers based on their exposure to the quantum computing theme