Halliburton Landmark’s Unified Ensemble Modeling Solution to Be Used by Wintershall Dea
Halliburton (NYSE: HAL) has entered into a license agreement with Wintershall Dea to use Halliburton Landmark’s new Unified Ensemble Modeling (UEM) solution. This innovative technology integrates static and dynamic data in real time to enhance the accuracy of reservoir models. UEM will first be implemented in Norway’s Maria Offshore Field, facilitating continuous risk assessment and optimization of drilling operations. This approach aims to boost drilling efficiency, reduce costs, and improve safety. The partnership underscores Halliburton's commitment to providing cutting-edge solutions for real-time decision-making in the oil and gas industry.
- The UEM solution integrates static and dynamic data in real time, improving reservoir model accuracy.
- Continuous updates to risk assessments enhance drilling efficiency and reduce costs.
- The first deployment at Maria Offshore Field in Norway sets a precedent for future applications.
- Real-time data updates improve worker safety and decision-making capabilities.
- Collaboration with Wintershall Dea enriches their database and refines model uncertainties.
- The partnership highlights Halliburton’s leadership in innovative oil and gas solutions.
- No specific financial data or projected revenue impact from the UEM solution deployment was provided.
- Implementation success and ROI for Wintershall Dea’s forthcoming 2025 drilling campaign remain uncertain.
- Potential technical challenges or integration issues with existing systems are not addressed.
Insights
The introduction of Halliburton Landmark’s Unified Ensemble Modeling (UEM) solution marks a significant technological advancement in the field of subsurface modeling. By integrating static and dynamic data in real-time, UEM allows for a more accurate representation of subsurface conditions during active drilling. This real-time integration is a game-changer, as it improves the precision of reservoir models and helps in optimizing reservoir recovery. This could lead to more efficient drilling operations, reduced costs and heightened safety measures. The deployment of this technology in Norway's Maria Offshore Field will serve as a proof of concept and could potentially set a new industry standard.
From a financial perspective, the adoption of UEM by Wintershall Dea could have positive implications for Halliburton’s revenue streams. This collaboration underscores the commercial viability of Landmark’s new technology, potentially opening up more opportunities in the market. Investors should watch how this technology impacts operational efficiencies and cost reductions in real-world applications. If successful, it could translate into higher profitability for both Halliburton and its clients. Additionally, the ability to continuously update risk assessments in real-time may attract more clients seeking to minimize uncertainties and improve decision-making.
Industry’s first use of commercial technology to provide real-time updates to a reservoir model during active drilling
The first application of DecisionSpace® 365 will be deployed in Norway’s Maria Offshore Field. UEM allows Wintershall Dea to continuously update their risk assessments for active drilling programs after drilling each new well. This continuous cycle of evaluation and adjustment is critical to increase drilling efficiency, reduce costs, and improve worker safety.
"The ability to update a drilling target and its uncertainties in real time provides operators unparalleled decision-making capabilities," said Nagaraj Srinivasan, senior vice president, Landmark, Halliburton Digital Solutions and Consulting. "By updating earth models at speeds never before possible with well data acquired while drilling, Wintershall Dea will align subsurface and drilling objectives, thereby improving well productivity at a lower cost.”
The real-time drilling data will enrich Wintershall Dea’s database and help to refine model realizations and uncertainties. This rapid pace of model updates is made possible through Landmark’s unique ensemble-based technologies and workflows.
“Our collaboration with Halliburton Landmark’s Reservoir Center of Excellence is essential in developing a premier set of tools for informed decision-making under uncertainty while drilling,” said Bastian Köhrer, Wintershall Dea Subsurface Manager of the Maria Phase 2 Project. “We are eager to implement this solution in the forthcoming drilling campaign at Maria Field in 2025.”
For more information about Halliburton Landmark and its software solutions, please visit http://www.halliburton.com/en/software
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Connect with Halliburton on LinkedIn, YouTube, Instagram, and Facebook.
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Victoria Ingalls
pr@halliburton.com
281-608-8839
Source: Halliburton Company
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