Halliburton Co. released ten new DecisionSpace 365 E&P cloud-native applications that leverage advances in digital technology to help operators reduce exploration risk, improve reservoir characterization and boost drilling efficiency on Aug. 27.
DecisionSpace 365 is an integrated experience of E&P Cloud applications that empower customers’ to be creative and realize their business objectives. DecisionSpace 365 is powered by iEnergy, the Landmark hybrid cloud designed to deploy, integrate and manage customers E&P applications.
Among the cloud applications released are Scalable Earth Modeling, Full-Scale Asset Simulation, Data Foundation and Real-Time Control – Edge.
DecisionSpace 365 Scalable Earth Modeling is a high-fidelity, fast earth modeling solution that uses all available data, without upscaling, to produce rock property models that can be interrogated across all scales of resolution. It allows an unrivalled understanding of the subsurface from the basin to the wellbore, with the ability to test multiple scenarios in just seconds.
DecisionSpace 365 Full-Scale Asset Simulation performs multiple and fully coupled subsurface/surface scenarios to define the optimal field development plan. The application adapts the size of the computing infrastructure to the complexity of the model, providing faster simulation, increased team productivity and accuracy, and reduced costs.
DecisionSpace 365 Data Foundation is a holistic, multimodel application leveraging multiple cloud native data stores to ingest, manage and access subsurface, engineering, log, seismic, and corporate data. Data Foundation delivers the industry-unique multi-model, managed data applications built with cloud-native technologies for scale and delivery to all user profiles.
For operators who are looking to streamline their well site operations and improve decision-making, the DecisionSpace 365 Real-Time Control Edge application enables seamless data integration with well site advisory solutions. Information from the application delivers automated, consistent and reliable execution of the well plan.
“This is the first application for subsurface professionals that takes a human petrophysicists interpretation and, using machine learning, applies its order of magnitude faster and does it consistently,” said Ed Collins, senior solution owner of Earth Modeling, at Halliburton’s LIFE 2019 event.
“It’s not just a case of applying machine learning to every job. It’s a case of the right science in combination with machine learning,” he added.
DSD Energy Partners engaged Energy Advisors Group Inc. to market prospective acreage located in Karnes and Webb counties, Texas, in the Eagle Ford Shale.
Foundation Energy Management retained Eagle River Energy Advisors for the sale of certain operating working interest assets and associated lands in the Uinta-Piceance Basin of Colorado and Utah.
DSD Energy Partners retained Energy Advisors Group to market a non-producing acreage in the San Andres play in Yoakum County, Texas.