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.
Recommended Reading
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
2024-03-27 - Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.
Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts
2024-03-26 - The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors' forecast of global EV battery production capacity.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Exclusive: Renewables Won't Promise Affordable Security without NatGas
2024-03-25 - Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.
What's Affecting Oil Prices This Week? (Jan. 8, 2024)
2024-01-08 - For the upcoming week, Stratas Advisors predicts oil prices will bounce upwards with geopolitical news, but the price increase will quickly fade as the oil continues to flow.