Quantum computers could power future oil and gas computations, says GlobalData
The oil and gas industry has relied on traditional computers to tackle mathematical challenges for decades. Despite the significant improvements in the speed and precision of classical supercomputers, they can sometimes fall short when calculations involve multiple variables. This limitation could be overcome with quantum computers, which, in theory, can perform some of the most complex computations, according to GlobalData.
GlobalData’s thematic report, “Quantum Computing in Oil and Gas,” provides an overview of the quantum computing technology and its potential implications in oil and gas operations. It also highlights the role of major oil and gas companies, such as BP, ExxonMobil, Equinor, Shell, and TotalEnergies, in the development of quantum computing to address complex business problems.