USD 88.4375


EUR 96.2383


Brent 84.14


Natural gas 2.833



BP ties up with IBM’s Quantum Network to boost the use of quantum computing in the energy industry

As computers become more of a part of the Oil & Gas industry, Executives realize that they are in need of computer scientists to operate the complex systems in place.

BP ties up with IBM’s Quantum Network to boost the use of quantum computing in the energy industry

By joining the IBM Quantum Network™ as an Industry Partner, BP will have access to IBM's ‎quantum expertise and software and cloud-based access to the most advanced quantum ‎computers available via the cloud.
This includes access to a premium 65-qubit quantum ‎computer, the largest universal quantum system available to industry today, and an important ‎milestone on the IBM Quantum roadmap to a 1,000-plus qubit system, targeted for the end of ‎‎2023.‎

BP will work with IBM to explore using quantum computing to solve business and engineering ‎challenges and explore the potential applications for driving efficiencies and reducing carbon ‎emissions.

Morag Watson, Senior VP, digital ‎science and engineering for BP said:
  • BP’s ambition is to become a net zero company by 2050 or sooner and help the world get to ‎net zero
  • Next-generation computing capabilities such as quantum computing will assist in ‎solving the science and engineering challenges we will face, enabling us to reimagine energy ‎and design new lower carbon products
Quantum computing has the potential to be applied in areas such as:
  • modelling the chemistry ‎and build-up of various types of clay in hydrocarbon wells – a crucial factor in efficient ‎hydrocarbon production;
  • analyzing and managing the fluid dynamics of wind farms
  • optimizing ‎autonomous robotic facility inspection
  • helping create opportunities not yet imagined to ‎deliver the clean energy the world wants and needs.
In 2020, BP announced its net zero ambition and its new strategy.
By the end of this decade, it ‎aims to have developed:
  • around 50 gigawatts of net renewable-generating capacity (a 20-fold ‎increase)
  • increased annual low carbon investment 10-fold to around $5 billion
  • to cut its oil ‎and natural gas production by 40%.
Joining the IBM Quantum Network will enhance BP’s ability to leverage quantum advances ‎and applications as they emerge and then influence on how those breakthroughs can be ‎applied to its industry and the energy transition.‎‎

Dario Gil, ‎Senior VP and Director of IBM Research noted:
  • BP joins a rapidly growing number of clients working with IBM to explore quantum computing to ‎help accelerate the discovery of solutions to some of today's biggest challenges
  • The energy industry is ripe with opportunities ‎to see value from the use of quantum computing through the discovery of new materials designed ‎to improve the generation, transfer, and storage of energy