Quantum Computing in Oil and Gas – Thematic Intelligence

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Quantum Computing in Oil and Gas Thematic Report Overview

Quantum computers could transform oil and gas research. 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. 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.

The quantum computing in oil and gas thematic intelligence report assesses how quantum computers, combined with other emerging technologies, can be used across the oil and gas value chain. It provides an overview of the current landscape, including technology, macroeconomic, and industry trends, as well as key players, while also highlighting opportunities for the use of quantum computing in the future. The report provides an industry-specific analysis based on GlobalData databases and surveys.

Report Pages 71
Regions Covered Global
Value Chain ·       Quantum Infrastructure

·       Quantum Hardware Platforms

·       Quantum Software

·       Quantum Applications

·       Quantum Services

Technology Leaders ·       Baidu

·       D-Wave

·       Fujitsu

Technology Challengers ·       Pasqal

·       PsiQuantum

·       Q-CTRL

Oil and Gas Companies ·       BP

·       Equinor

·       ExxonMobil

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Quantum Computing in Oil and Gas - Key Trends

The main trends shaping the quantum computing industry are classified into three categories: technology trends, macroeconomic trends, and industry trends.

  • Technology trends: Some of the key technology trends impacting the theme are quantum roadmap, cloud-based quantum services, quantum computing as a threat to internet encryption, algorithm development, build-up of Little Giants, and non-quantum competition.
  • Macroeconomic trends: The key macroeconomic trends explained in the report are supply chain bottlenecks, macroeconomic headwinds, China’s quantum efforts, military interest, and talent shortages among others.
  • Industry trends: Quantum chemistry research, computational fluid dynamics, methane management, planning and monitoring of directional drilling, and the development of carbon capture technologies are a part of the industry trends impacting oil and gas industry.

Quantum Computing in Oil and Gas - Industry Analysis

The quantum computing market size was estimated to be between $500 million and $1 billion in 2022. The main quantum computing business currently lies in the growth of the cloud-based quantum services of IBM, Google, Microsoft, Alibaba, Quantinuum, IonQ, Rigetti, D-Wave, and Amazon, and in developing easier and more effective ways of programming noisy quantum devices. However, there is no clear line of sight yet to commercial-scale quantum computing.

The quantum computing in oil and gas industry analysis also covers:

  • Country outlook
  • Use cases
  • Timeline

For more insights into the Quantum Computing in Oil and Gas market forecast, download a free report sample

Quantum Computing in Oil and Gas - Value Chain Analysis

The quantum computing value chain comprises five segments that are quantum infrastructure, quantum hardware platforms, quantum software, quantum applications, and quantum services. The first two segments comprise the core value chain and the other three are non-core value chain. The core value chain contains the activities involved in building a quantum computer and the non-core value chain involves software, applications, and services that can be used with existing quantum computers.

Quantum Infrastructure: This value chain layer comprises the components needed to begin building a quantum computer such as superconducting cables, cryogenic refrigeration, microwaves, lasers, beams, and splitters, and quantum sensors.

Quantum Computing Value Chain Analysis

Quantum Computing Value Chain Analysis

For more insights into the quantum computing value chain, download a free report sample

Technology Leaders

Some of the leading technology players associated with this theme are:

  • Baidu
  • D-Wave
  • Fujitsu

Technology Challengers

Some of the leading interesting private companies associated with this theme are:

  • Pasqal
  • PsiQuantum
  • Q-CTRL

Oil and Gas Companies

Some of the leading oil and gas players associated with this theme are:

  • BP
  • Equinor
  • ExxonMobil

To know more about the technology leaders and challengers and oil and gas companies in the quantum computing in oil and gas theme, download a free report sample

Integrated Oil and Gas Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Integrated Oil and Gas Sector Scorecard – Thematic Screen

Integrated Oil and Gas Sector Scorecard – Thematic Screen

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Segments Covered in the Report

Quantum Computing in Oil and Gas Value Chain Outlook

  • Quantum Infrastructure
  • Quantum Hardware Platforms
  • Quantum Software
  • Quantum Applications
  • Quantum Services


This report provides:

  • Overview of the emergence of quantum computing as a theme and its potential impact in the oil and gas industry
  • Review of the recent technological advancements in quantum computing that could set the tone for its adoption across diverse industries
  • Assessment of the strategies and initiatives adopted by oil and gas companies to gain a first-mover advantage in this theme

Reasons to Buy

  • Understand the importance of quantum computing in oil and gas operations
  • Identify the key technology, macroeconomic, and industry trends influencing the quantum computing theme
  • Highlight the likely impact of quantum computing on different functional areas across the oil and gas industry
  • Identify and benchmark key oil and gas companies and technology providers based on their exposure to the quantum computing theme

Table of Contents

Executive Summary 4

Players 5

Technology Briefing 6

Trends 12

Technology trends 12

Macroeconomic trends 14

Industry trends 16

Impact on the Oil and Gas industry 18

Industry Analysis 20

Market size and growth forecasts 20

Country outlook 20

Use cases 22

Timeline 25

Signals 26

Foreign direct investment 26

Mergers and acquisitions 27

Venture financing 29

Patent trends 31

Company filings trends 33

Hiring trends 34

Value Chain 36

Quantum infrastructure 37

Quantum hardware platforms 39

Quantum software 42

Quantum applications 44

Quantum services 46

Companies 48

Technology leaders 48

Technology challengers 52

Oil and gas companies 55

Sector Scorecards 57

Integrated oil & gas sector scorecard 57

Glossary 61

Further Reading 66

Our Thematic Research Methodology 68

About GlobalData 70

Contact Us 71

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