Repsol data processing$0$0$0$0I don't know how many of you will recall my earlier post regarding Repsol and IBM in using video-game chips to locate deep water oil fields. I recall from yesterday's presentation Sully saying that Repsol is processing some of the date using their software.$0$0What is interesting is that almost every find so far in South America, Repsol had a working interest. I'm wondering whether its just luck or the software seems to be working. GLTA$0$0The following is an excerpt from my earlier post. $0$0$0$0$0"IBM and Repsol announce their use of the IBM BladeCenter QS22 supercomputer to search oil fields at greater depths$0$0$0$0$0$0$0$0$0$0$0$0
$0$0$0$0IBM and Repsol announced their use of the BladeCenter QS22 supercomputer, powered by the IBM PowerXCell(TM) 8i processor, to search oil fields at greater depths up to six-times faster than conventional technology currently deployed by the oil and gas industry.$0$0$0$0
$0$0$0$0Initial coverage has been extremely positive and includes coverage on national wire services Bloomberg and Cox News as well as a television segment on Fox Business News channel.$0$0$0$0
$0$0$0$0A few highlights include:$0$0$0$0
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$0$0Repsol YPF SA, Spain's largest oil company, is using chips that International Business Machines Corp. designed for video-game consoles to find oil in deep water as much as six times faster. "Seventy-five percent of reserves are underwater and there are significant barriers because it is very hard to predict rock structures", said Srini Chari, an analyst with New York-based Cabot Partners, a research firm. The IBM technology lets companies survey regions that weren't accessible before, he said. (Bloomberg)"$0$0$0$0$0$0$0$0