Halliburton Company (NYSE: HAL) announced on Monday a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and production (E&P) activities. The software as a service enables users to load, ingest, manage and access log, well and other E&P data across different locations for greater efficiency and productivity throughout Repsol’s asset portfolio.
As exploration and production challenges intensify, operators need to generate insights to enhance performance from existing data. Effectively managing E&P data through a comprehensive, cloud solution drives greater communication, accuracy and consistency so operators can make better-informed decisions.
Repsol will implement the cloud solution for simultaneous access and management across ten global locations during the contract’s first year with additional locations to follow. DecisionSpace® 365 Data Foundation supports data residency and integrates with applications and data on premise.
“The cloud simplifies and lowers the cost of managing information across the well lifecycle and DecisionSpace 365® Data Foundation provides true collaboration by making the same data available in context at the right time,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “We look forward to working with Repsol to deliver a data management solution using the cloud that maximizes the value of their assets.”
Repsol holds a 37.5% stake and is operator at the Kanuku block offshore Guyana, while Tullow holds 37.5% and Total holds 25%.
The Rowan/Valaris EXL II jack up rig recently arrived in Guyana’s waters in preparation for drilling on the block at the Carapa-1 prospect. The Carapa prospect is said to be a 200-million-barrel Cretaceous target located in 70m of water within the Kanuku Block, which is almost 2000 sq km.
