February 22, 2022
The Egyptian General Petroleum Corporation (EGPC) is a state-owned, fully integrated oil and gas company headquartered in Egypt. The National Oil Company (NOC) is a shareholder in 41 Joint Venture companies that work on more than 5000 wells.
Over the last two years, EGPC has been rapidly scaling up its digitalization efforts in response to significant exploration investment from major oil and gas companies that are shifting away from the North Sea due to tighter regulations. As part of its digitalization strategy, EGPC wanted to enhance the rig monitoring and reporting process between the Joint Venture companies.
After extensive technical and capability analysis, EGPC chose Halliburton as its digital transformation partner to achieve Egyptian Ministry of Petroleum’s vision of deploying a unified, central database to help in efficient monitoring and analysis of drilling and completion performance.
The partnership was made official with an MoU and during the event, Halliburton presented a pilot project to showcase a dynamic dashboard that compares historical and current drilling data to offer key insights for process optimization and productivity enhancements.
The project had two key objectives - to streamline and simplify the reporting process between EGPC and its JVs and unlock powerful insights from Egypt’s drilling operations data.
We leveraged its suite of DecisionSpace® software to build a Central Drilling Data Repository (CDDR) and layered it with powerful analytics solutions to generate real-time, drilling report dashboards.
For instance, management teams at EGPC headquarters could use the dashboards to get a quick overview of drilling and completion performance across the country, while operations teams were presented with field level data and insights.
By accessing these drilling and well insights in real-time, EGPC could easily compare historical data with current activities to make better decisions, optimize future drilling programs, reduce NPT, and achieve better cost efficiency and productivity.
Leading National Oil Companies and International Oil Companies are already realizing the benefits of digital-first operations to achieve better cost efficiency, productivity improvement, and informed decision making. A CDDR serves as a key foundation that will help accelerate the delivery of a digital well construction environment covering the entire drilling lifecycle - from the planning, detailed well design and the execution phases, which are all linked and updated in real-time to enable a digital twin of Egypt’s drilling operations.
With this project, Halliburton is well placed to be EGPC’s strategic provider in transforming its drilling operations with our industry leading experience and innovative, interoperable DecisionSpace® 365 software.