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.
2023-10-19 - A merger between Chesapeake Energy Corp. and Southwestern Energy Co. would create the nation’s largest natural gas E&P, analysts say. But a multibillion-dollar combination could also draw scrutiny from regulators.
2023-11-06 - Amid an all-stock buying bonanza in recent weeks spurred on by Exxon Mobil and Chevron to snatch up shale and international assets, APA remains focused on creating value.
2023-11-21 - As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
2023-09-25 - As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
2023-12-08 - The Norwegian Petroleum Directorate outlined options for moving gas out of the Barents to market while urging exploration and investment in the frontier region.