Halliburton And Libra Consortium Form Partnership To Implement Cutting-Edge Technology In Santos Basin To Reduce Costs And Speed Up Production Time

Written by Ruth Rodrigues

Published on 12/12/2023 at 15:06

Foto: Petrobras/Divulgação

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Halliburton Signed a Contract with the Libra Consortium Led by Petrobras to Develop a Digital Twin in the Mero Field, Santos Basin. The Technology Aims to Reduce Expenses, Accelerate Production, and Improve Oil Recovery.

In an announcement made last Monday (12/11), Halliburton, a renowned service company for the oil and gas industry, revealed a new contract signed with the Libra consortium, led by the Brazilian giant Petrobras. The agreement provides for the development of a technology known as a digital twin for a system in the Mero field, located in the pre-salt Santos Basin.

Development of Digital Twin in the Mero Field Promises Advances in the Oil Industry

According to an official statement released by Halliburton, the technology to be implemented will play a crucial role in assisting the Libra consortium.

Allowing for “capital expenditure reduction, acceleration of production times, and improvement of crude oil recovery rates, using new insights gained in a real-time environment.”

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The Libra consortium, consisting of Petrobras, Shell Brasil, TotalEnergies, CNPC, CNOOC, and with Pré-Sal Petróleo SA (PPSA) representing the government in the uncontracted area, has Petrobras as the main operator.

The collaboration between Halliburton and the consortium aims to develop an integrated and dynamic digital twin of the production system, encompassing reservoir, wells, and subsea network.

Halliburton and the Libra Consortium Transform Operations in the Pre-Salt with Technological Innovation

This innovative project will unite sensors, data, and asset models, incorporating elements such as 4D seismic and intelligent completions through systems with real-time views of the reservoir, wells, and facilities.

The purpose is to facilitate asset characterization, enable proactive monitoring of reservoirs, and optimize asset operations through strategic planning.

Nagaraj Srinivasan, Senior Vice President of Landmark, Halliburton’s department specializing in Digital Solutions, highlighted the project’s importance: “This dynamic system will empower the consortium with comprehensive and continuous insights into optimization opportunities, cost reduction potential, and uncertainty mitigation throughout the asset lifecycle.”

According to Srinivasan, Landmark reiterates its leadership in leveraging digital and cloud solutions to revolutionize reservoir performance and asset optimization.

What Is a Digital Twin and How Does It Work?

YouTube video — Source: Geospatial World

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Halliburton And Libra Consortium Form Partnership To Implement Cutting-Edge Technology In Santos Basin To Reduce Costs And Speed Up Production Time

Halliburton Signed a Contract with the Libra Consortium Led by Petrobras to Develop a Digital Twin in the Mero Field, Santos Basin. The Technology Aims to Reduce Expenses, Accelerate Production, and Improve Oil Recovery.

Development of Digital Twin in the Mero Field Promises Advances in the Oil Industry

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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Halliburton And Libra Consortium Form Partnership To Implement Cutting-Edge Technology In Santos Basin To Reduce Costs And Speed Up Production Time

Halliburton Signed a Contract with the Libra Consortium Led by Petrobras to Develop a Digital Twin in the Mero Field, Santos Basin. The Technology Aims to Reduce Expenses, Accelerate Production, and Improve Oil Recovery.

Development of Digital Twin in the Mero Field Promises Advances in the Oil Industry

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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