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.”

ARTICLE CONTINUES BELOW

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.

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

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

What Is a Digital Twin and How Does It Work?

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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

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

What Is a Digital Twin and How Does It Work?

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The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

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