Neptune Energy at the moment introduced it should undertake Halliburton’s DecisionSpace 365 nicely building suite of cloud functions to consolidate all international drilling and wells actions, enhance effectivity and considerably scale back non-productive time, resulting in potential annual financial savings of greater than $20 million.
The three-year settlement, a part of Neptune’s digital subsurface programme, will create a platform for Neptune’s digital nicely program. It goals to cut back the length for planning wells from weeks to days, automate engineering calculations and consolidate knowledge at present held throughout a number of international areas into one.
Moving to a cloud-based answer will allow Neptune to include synthetic intelligence, machine studying and knowledge analytics to resolve upstream challenges and assist the corporate’s general digital transformation.
DecisionSpace 365 cloud functions will allow Neptune to construct “digital twins” of its wells to not solely plan and observe their progress all through their lifecycle, however to mannequin alternatives to optimise efficiency and predict potential issues earlier than they happen. It may even convey important advantages to optimising inventories of Neptune’s plant, folks and manufacturing sources.
Neptune’s Global Head of Drilling & Wells, Brett McIntyre, stated: “The business faces unprecedented challenges presently and new digital applied sciences are enabling E&P corporations to be extra environment friendly, maximise the worth of their actions, scale back prices and assist workers.
“We see important alternatives to reinforce the protection and productiveness of our international drilling and wells actions, decreasing non-productive time and supporting our international groups’ potential to work collectively to share data and finest observe.
“Our know-how and digitisation technique goals to allow Neptune to be safer and extra accountable, making certain manufacturing effectivity and worthwhile progress from our globally-diverse, gas-weighted portfolio. By making use of know-how well, we are able to additionally scale back waste throughout the entire worth chain and assist our potential to be a safer, sooner and higher enterprise.”

By consolidating knowledge from Neptune’s 4 enterprise knowledge administration (EDM) environments into one system within the cloud, Neptune’s drilling and wells groups can entry all nicely knowledge from any location, at any time; collaborate and share sources; guarantee constant approaches throughout the enterprise and scale back prices related to utilizing a number of software program platforms.
Ahmed Kenawi, Halliburton Senior Vice President for Eurasia, Europe and Sub-Saharan Africa stated: “We are excited to collaborate with Neptune Energy on the digital transformation of their drilling and wells exercise. Our DecisionSpace 365 cloud functions powered by the iEnergy Hybrid Cloud will improve effectivity and productiveness throughout the nicely lifecycle to maximise asset worth.”
As a part of Neptune’s digital subsurface programme, the corporate can also be working with a variety of companions and distributors to develop new instruments to scan and interpret huge portions of seismic knowledge. This considerably reduces the time spent by geoscientists on administrative work and preparation, and supplies them with data-informed insights they’ll use to determine hydrocarbons extra effectively and with extra certainty, decreasing the chance of drilling a dry nicely.
(Source: Neptune vitality – Image: Halliburton Landmark)

The put up NEPTUNE ENERGY TO ADOPT HALLIBURTON’S DECISIONSPACE 365 WELL CONSTRUCTION SUITE appeared first on Energy Global News.

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