Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Halliburton Co. and Norwegian oil and gas E&P company Aker BP will co-develop next generation field development planning software, a press release announced on May 23.
The collaboration delivers the cloud application Field Development Planning (FDP) from Halliburton. It also expands the scope of the current Digital Well Program, 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.
“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,” Halliburton chairman, president and CEO Jeff Miller commented in the release.
“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 optimize its investment and maximize the return on its assets.”
Built on the OSDU Data Platform, FDP converts the manual process of collating field development data to make the decision gate process more efficient and auditable and provides a common audit trail across the subsurface community to help organizations better understand uncertainty and risks associated with field development concepts.
The collaboration will help Aker BP along its goal to become fully digital and nearly fully automated by the end of the decade. Implementing FDP will allow the company to increase efficiency, maximize value and make data-driven decisions for entire field concepts, Aker BP CEO Karl Johnny Hersvik said in the press release.
“Keeping different development scenarios in place for future use gives us a cutting-edge capability to understand how engineering work matures during the development phases," Hersvik added. "It will make it possible to collaborate and drive transparency across the assets as never seen before in the industry.”
The two companies have already established a collaborative strategic relationship spanning several years, working on projects such as the implementation of Collaborative Well Planning for optimal well placements, as well as high quality well design using Halliburton's Digital Well Program.
"With Field Development Planning we are accelerating our digital transformation to the next level,” Tommy Sigmundstad, senior vice president of drilling and wells for Aker BP, said.
Recommended Reading
Help Wanted (Badly): Attracting Workers to Energy is Becoming Difficult
2024-03-27 - Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
Stena Evolution Upgrade Planned for Sparta Ops
2024-03-27 - The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
TotalEnergies Restarts Gas Production at Tyra Hub in Danish North Sea
2024-03-22 - TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.