Saturday, July 2, 2022

Halliburton introducing cutting edge technology to boost understanding of complex reservoirs

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Halliburton Landmark has released the latest version of Geosciences Suite, a DecisionSpace ® 365 cloud solution powered by iEnergy ®, an E&P hybrid cloud. The software combines innovative technology with a tightly integrated, end-to-end suite of workflows to create a complete and connected geoscience solution that enables a subsurface digital twin. This cloud solution can reduce exploration uncertainty by improving understanding of complex reservoirs to increase recovery.

Guyana oil wells among deepest, most complex in region

Accurate, rapid interpretation and modelling of reservoirs help maximize asset value and return on investment. Traditional industry solutions can have siloed environments with complex workflows that can lead to data gaps, delayed timelines, and an incomplete subsurface understanding.

Geosciences Suite combines innovative technology and tightly integrated, end-to-end suite of cross-domain workflows to increase subsurface understanding, reduce uncertainty around today’s most complex reservoirs and tackle future energy challenges.

Halliburton collaborates with University of Guyana to launch Drilling Fluids Lab

Consistent with Halliburton 4.0, the Company’s digital transformation strategy, the Geosciences Suite provides a multi-user environment that leverages an open and collaborative platform, which seamlessly connects with other Halliburton or third-party applications. Through the secure and scalable iEnergy hybrid cloud, operators can access their geoscience applications on both public or private cloud environments anytime, anywhere, to characterize subsurface geology in a cost-effective and efficient manner.

“We are excited to introduce the latest release of Geosciences Suite, which delivers a complete end-to-end solution that empowers our customers to understand their reservoir geology in greater detail even in the most complex settings to improve recovery and lower development costs,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.

Halliburton’s Q2 revenue up 7%, increased tools sales seen in Guyana

Halliburton has been steadily expanding its activities in Guyana which has seen the establishment of state-of-the-art facilities, including one of the largest mud plants in the hemisphere, and expansion of its local workforce. The company said by the end of this year close to 100% of its services will come from the new oil producing South American country where it has been operating since 2015.

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