Halliburton and Aker BP Collaborate to Develop Next Generation Field Development Planning

0

HOUSTON–(BUSINESS WIRE)–Halliburton Company (NYSE: HAL) today announced that it and Aker BP, a Norwegian oil and gas exploration and production company, will co-develop new field development planning software generation. The collaboration provides a new cloud application – Field Development Planning (FDP) – from Halliburton. It also expands the scope of the current Digital Well Program®a space for decision® 365 cloud application, built on an open architecture to provide integrated well planning and design to increase collaboration and connectivity between drilling activities.

Built on the OSDUMT Data Platform, FDP converts the manual process of collecting field development data to make the decision-making process more efficient and auditable and provides a common audit trail for the entire underground community. FDP helps organizations better understand the uncertainty and risk associated with field development concepts.

“We are excited to expand our close collaboration with Aker BP and develop a state-of-the-art intelligent system to scale field development from the manual FDP process that exists in most companies,” said the CEO. General of Halliburton, Jeff Miller. “The FDP creates a holistic view of field development and well construction, which will allow Aker BP to make more informed and faster decisions regarding subsurface and reservoir/production to optimize its investment. and maximize the return on its assets.

“Aker BP aims to be fully digital and almost fully automated by the end of this decade. We are creating an ecosystem in which work processes are seamlessly integrated and data flows frictionlessly. Halliburton is a key partner in this strategy. FDP will give us the ability to increase efficiency, maximize value, and make data-driven decisions for entire field concepts.Plus, we will then understand and mitigate risk and uncertainty to a whole new level,” said Karl Johnny Hersvik, CEO of Aker BP. “Keeping different development scenarios in place for future use gives us a cutting-edge capability to understand how engineering work matures during development phases. to collaborate and foster transparency between assets like never before seen in the industry.”

Halliburton and Aker BP have enjoyed a close and collaborative strategic relationship for many years.

“Together, we are already revolutionizing well construction with transformative expertise, agile processes and game-changing technology. We have successfully implemented Collaborative Well Planning for optimal well locations, reduced risk and increased resources. We are about to design a well in one day with high quality in the digital well open program based on Halliburton’s iEnergy solution. With Field Development Planning, we are accelerating our digital transformation to the next level,” said Tommy Sigmundstad, senior vice president of drilling and wells for Aker BP.

About Halliburton

Founded in 1919, Halliburton is one of the world’s largest suppliers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps customers maximize value throughout the reservoir life cycle – from hydrocarbon location and geological data management, to drilling and formation evaluation, well construction and completion, and production optimization. throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, instagram and Youtube.

About Aker BP

Aker BP is an independent E&P company with exploration, development and production activities on the Norwegian continental shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the field of Johan Sverdrup. Aker BP is headquartered in Fornebu, Norway and is listed on the Oslo Stock Exchange under the symbol “AKRBP”. Learn more about Aker BP at www.akerbp.com.

Share.

Comments are closed.