The new cloud application helps organisations in better understanding of uncertainties and risks attached to field development concepts
The next-gen field development planning software creates a holistic view of field development and well construction. (Credit: Anita starzycka from Pixabay)
Norwegian oil and gas firm Aker BP and US-based oil field services provider Halliburton have joined forces to develop next-generation field development planning software.
The partnership will deliver a new cloud application called Field Development Planning (FDP) – from Halliburton.
Besides, the collaboration extends the scope of the current Digital Well Program, a DecisionSpace 365 cloud application. Built on an open architecture, Digital Well Program offers integrated well planning and design to boost collaboration and connectivity across drilling operations.
FDP is built on the OSDU Data Platform. It is designed to convert the manual process of organising field development data to make the decision gate process more auditable as well as efficient.
Halliburton chairman, president and CEO Jeff Miller said: “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.
“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 optimise its investment and maximise the return on its assets.”
The new cloud application is also said to offer a common audit trail across the subsurface community. It helps organisations in better understanding of uncertainties and risks attached to field development concepts, said Aker BP.
Aker BP CEO Karl Johnny Hersvik said: “Aker BP aims to be fully digital and nearly fully automated towards the end of this decade. We are creating an ecosystem where work processes are seamlessly integrated, and data is flowing without friction. Halliburton is a key partner in this strategy.
“FDP will give us the ability to increase efficiency, maximise value and make data-driven decisions for entire field concepts. Furthermore, we will then understand and mitigate risk and uncertainty on a whole new level.”
Last month, Halliburton launched a deep azimuthal resistivity service called StrataStar for providing multilayer visualisation to maximize well contact with the reservoir and enhance real-time reserves evaluation.
The StrataStar service is part of Halliburton’s iStar intelligent drilling and logging platform, which uses deep subsurface insights with artificial intelligence to facilitate better drilling performance and consistent well delivery.