Halliburton’s DecisionSpace 365 well construction suite of cloud applications will help Neptune Energy to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time
The initiative focuses on a potential annual savings of more than US$20mn.
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.
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 and 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.
“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’s senior vice-president for Eurasia, Europe and sub-Saharan Africa, added, “Our DecisionSpace 365 cloud applications powered by the iEnergy Hybrid Cloud will increase efficiency and productivity across the well lifecycle to maximise asset value.”
