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Oil & Gas News09th Apr 2021

Neptune Energy is to adopt Halliburton’s DecisionSpace 365 well construction suite

Neptune Energy is to adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and reduce non-productive time.

The three-year agreement – part of Neptune’s digital subsurface programme – will create a platform for Neptune’s digital well program, and lead to potential annual savings of more than US$20 million. The program aims to reduce the duration for planning wells from weeks to days, automate engineering calculations and consolidate data currently held across multiple global locations into one.

Moving to a cloud-based solution will enable Neptune to incorporate artificial intelligence, machine learning and data analytics to solve upstream challenges and support the company’s overall digital transformation. Read more…