Neptune Energy has announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities and to improve efficiency and significantly reduce non-productive time, according to a press release.
The deal, which spans three years, is part of Neptune’s digital subsurface program and will create a platform for Neptune’s digital well program.
Neptune’s Global Head of Drilling & Wells, Brett McIntyre, said: “The industry faces unprecedented challenges at this time and new digital technologies are enabling E&P companies to be more efficient, maximize the value of their activities, reduce costs and support employees.”
This implementation of technology could lead to annual savings of more than $20 million.
DecisionSpace 365 cloud applications will enable Neptune to build digital twins of its wells to not only plan and track their progress throughout their lifecycle but to model opportunities to optimize performance and predict potential problems before they occur.