In order to make theirs the highest performing assets, we believe exploration and production companies need to change the way they work in the oilfield. Rather than relying solely on the latest technologies, they need solutions that are specifically designed to address their business issues so that they can make decisions, not compromises.
Today in the oil and gas industry we face more challenging conditions than ever before. Demand is increasing, but hydrocarbons are harder to find and reservoirs are smaller and located in more difficult environments. To meet the demand under these conditions, with the added challenge of a shrinking experienced workforce, will require a new way of working.
It's for this reason that Halliburton is focused on enabling the Digital Asset™ for our clients.
The Digital Asset is a real-time, collaborative environment to model, measure and optimize O&G assets.
It's an environment that changes the way our industry works - connecting people, processes and technology so that experts across disciplines can collaborate in real-time and have access to the data they need when and where they need it. It can be realized through a customized, consultative approach that addresses the most important business needs of our clients in vastly more efficient ways.
More information can be found on this site on some of the integrated workflows which enable the Digital Asset and can help our clients:
- Maximize reservoir exposure and achieve precise well-placement by refining earth models to adjust well paths in real time
- Reduce lost production through continuous optimization that avoids expensive workovers
- Maximize the performance of unconventional hydrocarbon reservoirs through the use of real-time monitoring and visualization techniques to optimize fracture placement
- Break down digital silos by achieving integration between many types of databases and applications
The Digital Asset environment empowers the workforce to see the big picture for each asset and to make fully informed decisions.
Think of it as the key to the next trillion barrels.
