HOUSTON – August 27, 2019 – Halliburton Company (NYSE: HAL) today released ten new DecisionSpace® 365 E&P cloud-native applications that leverage advances in digital technology to help operators reduce exploration risk, improve reservoir characterization and boost drilling efficiency. DecisionSpace® 365 is an integrated experience of E&P Cloud applications that empower customers’ to be creative and realize their business objectives. DecisionSpace® 365 is powered by iEnergy®, the Landmark hybrid cloud designed to deploy, integrate and manage customers E&P applications.
Among the cloud applications released are Scalable Earth Modeling, Full-Scale Asset Simulation, Data Foundation and Real-Time Control – Edge.
DecisionSpace® 365 Scalable Earth Modeling is a high-fidelity, fast earth modeling solution that uses all available data, without upscaling, to produce rock property models that can be interrogated across all scales of resolution. It allows an unrivalled understanding of the subsurface from the basin to the wellbore, with the ability to test multiple scenarios in just seconds.
DecisionSpace® 365 Full-Scale Asset Simulation performs multiple and fully coupled sub-surface/surface scenarios to define the optimal field development plan. The application adapts the size of the computing infrastructure to the complexity of the model, providing faster simulation, increased team productivity and accuracy, and reduced costs.
DecisionSpace® 365 Data Foundation is a holistic, multi-model application leveraging multiple cloud native data stores to ingest, manage and access sub-surface, engineering, log, seismic, and corporate data. Data Foundation delivers the industry-unique multi-model, managed data applications built with cloud-native technologies for scale and delivery to all user profiles.
For operators who are looking to streamline their well site operations and improve decision-making, the DecisionSpace® 365 Real-Time Control -- Edge application enables seamless data integration with well site advisory solutions. Information from the application delivers automated, consistent and reliable execution of the well plan.
Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With 60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.