Neptune Energy has revealed the digitalization of its portfolio of subsea wells in Norway, using an innovative data visualization platform based on 3D gaming technology to enhance drilling and production efficiency, and reduce time and costs, the company said on July 15.
The new digital twins of Neptune’s wells were developed in collaboration with InformatiQ, a leading oil and gas data visualization specialist that combines infrastructure, wells and geology data to create detailed 3D models.
The developer’s GeologiQ cloud-based software combined raw E&P data in 3D and 2D environments and used 3D gaming technology to enable Neptune’s drilling and wells teams to visualize both historical and live data to improve well design and incorporate learnings in future operations.
“By digitalizing all subsea wells within our Norwegian portfolio we have greatly improved our ability to plan interventions, monitor drilling and production operations in real-time and gain better understanding of the wells’ history,” Thor Andre Løvoll, Neptune Energy’s director of drilling and wells for Norway, said.
He added: “Investing in innovations such as these improves efficiency by enhancing communication, interaction and decision-making across our business.”
This latest digital innovation for Neptune’s assets follows the creation of digital twins of several of its operated platforms in the Norwegian, U.K. and Dutch sectors of the North Sea, enabling offshore site inspections and maintenance planning to be carried out from onshore.
Neptune has also implemented Virtual Reality technology, originally developed to train astronauts travelling to the International Space Station, on the Neptune-operated Gjøa platform.
“The goal of our digitalization strategy at Neptune is simple: it’s how, through technology and digitization, we can support production efficiency and growth. By applying technologies smartly, we can maximize efficiencies and reduce waste in every area of our business,” Kaveh Pourteymour, Neptune Energy’s CIO, said.
Recommended Reading
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
Ovintiv Names Sippy Chhina to Board of Directors
2024-01-12 - Chhina recently retired as a partner at services firm Deloitte Canada LLP.
Matador Resources Declares Quarterly Dividend
2024-02-14 - Matador Resources will pay a $0.20 dividend on March 13 to shareholders of record by Feb. 23.
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
2024-02-20 - With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.