Saturday, July 2, 2022

Halliburton, Aker BP to create first-of-its-kind software for field development

Must Read

OilNOW
OilNOW is an online-based Information and Resource Centre

Halliburton has teamed up with Norwegian oil company Aker BP to see the development and subsequent introduction of next-generation field development planning software – a new cloud application called Field Development Planning (FDP).

“We are excited to extend our close collaboration with Aker BP and develop a cutting-edge intelligent system to evolve field development from the manual FDP process that exists in most enterprises,” said Halliburton Chairman, President, and Chief Executive Officer (CEO) Jeff Miller in a release on Monday.

The collaboration will also see the expansion of Haliburton’s current Digital Well Program scope – a DecisionSpace® 365 cloud application, built on an open architecture to provide integrated well planning and design to increase collaboration and connectivity across drilling activities.

The new FDP software is built on Halliburton’s Open Subsurface Data Universe™ (OSDU™) Data Platform and adjusts the manual process of collating field development data to make the decision gate process more efficient and auditable, providing a common audit trail across the subsurface community. FDP helps organisations better understand uncertainty and risks associated with field development concepts.

Halliburton unveils new precision drilling technology | OilNOW

“FDP creates a holistic view of field development and well construction, which will allow Aker BP to make more informed and expediated subsurface and reservoir/production decisions to optimise its investment and maximise the return on its assets,” Miller added.

Aker BP, on the other hand eyes being fully digital and nearly fully automated by the end of the decade, and the partnership with Halliburton is a key part of the company’s strategy.

According to chief executive officer of Aker BP, Karl Johnny Hersvik, “FDP will give us the ability to increase efficiency, maximise value and make data-driven decisions for entire field concepts. Furthermore, we will then understand and mitigate risk and uncertainty on a whole new level.”

Halliburton introducing cutting edge technology to boost understanding of complex reservoirs | OilNOW

Halliburton is one of the world’s largest providers of products and services to the energy industry from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimising production throughout the life of the asset.

Aker BP is an independent E&P company with exploration, development, and production activities on the Norwegian Continental Shelf.

With Halliburton as a prime contractor of ExxonMobil in Guyana, the country stands to benefit from newer technologies adopted by the company.

spot_img

Latest News

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said...

More Articles Like This

spot_img