Halliburton Co. will work with the Petrobras-led Libra Consortium to develop a digital twin for the Mero unitized field in the Libra Block offshore Brazil, Halliburton announced Dec. 11.
The digital twin for the pre-salt field system is expected to help the consortium reduce capital expenditures, accelerate production times and improve crude oil recovery rate using insights obtained in a real-time environment.
The digital twin is a virtual representation of the physical asset that replicates its behavior and characteristics, allowing operators to run “what if” scenarios to improve decision-making and maximize operational predictability for optimal field development.
Halliburton and Libra Consortium will develop an integrated and dynamic digital twin of the production system, including the reservoir, wells and subsea network. The digital twin will bring together asset sensors, data, and models, including 4D seismic, and smart completions through systems with a real-time view of the reservoir, wells, and facilities. According to Halliburton, this will assist with asset characterization, proactive reservoir monitoring, and planning and optimizing asset operations.
First production to the FPSO Marechal Duque de Caxias in 7,200 ft water depth is expected in 2024 from Phase 3 of the Mero development in the Santos Basin.
Petrobras operates the Mero unitized field in partnership with Shell Brasil, TotalEnergies, CNPC and CNOOC, and with Pré-Sal Petróleo SA (PPSA) representing the government in the non-contracted area.
Recommended Reading
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
2024-02-22 - The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.