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  • Neptune Energy digitalises drilling & wells with Halliburton Cloud Applications
    édité le 13/10/2020 - Plus de news de "Neptune Energy" - Voir la fiche entreprise de "Neptune Energy"

Neptune Energy digitalises drilling & wells with Halliburton Cloud Applications
Neptune Energy announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time, leading to potential annual savings of more than $20 million.

The three-year agreement – part of Neptune’s digital subsurface programme – will create a platform for Neptune’s digital well program. It aims to reduce the duration for planning wells from weeks to days, automate engineering calculations and consolidate data currently held across multiple global locations into one.

Moving to a cloud-based solution will enable Neptune to incorporate artificial intelligence, machine learning and data analytics to solve upstream challenges and support the company’s overall digital transformation.

DecisionSpace 365 cloud applications will enable Neptune to build “digital twins” of its wells to not only plan and track their progress throughout their lifecycle, but to model opportunities to optimise performance and predict potential problems before they occur. It will also bring significant benefits to optimising inventories of Neptune’s plant, people and production resources.

Neptune’s Global Head of Drilling & Wells, Brett McIntyre, said: “The industry faces unprecedented challenges at this time and new digital technologies are enabling E&P companies to be more efficient, maximise the value of their activities, reduce costs and support employees.

“We see significant opportunities to enhance the safety and productivity of our global drilling and wells activities, reducing non-productive time and supporting our global teams’ ability to work together to share knowledge and best practice.

“Our technology and digitisation strategy aims to enable Neptune to be safer and more responsible, ensuring production efficiency and profitable growth from our globally-diverse, gas-weighted portfolio. By applying technology smartly, we can also reduce waste across the whole value chain and support our ability to be a safer, faster and better business.”

By consolidating data from Neptune’s four enterprise data management (EDM) environments into one system in the cloud, Neptune’s drilling and wells teams can access all well data from any location, at any time; collaborate and share resources; ensure consistent approaches across the business and reduce costs associated with using multiple software platforms.

Ahmed Kenawi, Halliburton Senior Vice President for Eurasia, Europe and Sub-Saharan Africa said: “We are excited to collaborate with Neptune Energy on the digital transformation of their drilling and wells activity. Our DecisionSpace 365 cloud applications powered by the iEnergy Hybrid Cloud will increase efficiency and productivity across the well lifecycle to maximise asset value.”

As part of Neptune’s digital subsurface programme, the company is also working with a range of partners and vendors to develop new tools to scan and interpret vast quantities of seismic data. This significantly reduces the time spent by geoscientists on administrative work and preparation, and provides them with data-informed insights they can use to identify hydrocarbons more efficiently and with more certainty, reducing the likelihood of drilling a dry well.

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 144,000 net barrels of oil equivalent per day in 2019 and 2P reserves at 31st December 2019 of 633 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About Halliburton

Founded in 1919, Halliburton (NYSE: HAL) is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.

Origine : Communiqué Neptune Energy

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