Schneider Collaborates with Halliburton

Wednesday, December 14, 2016 @ 04:12 PM gHale

Schneider Electric unveiled a collaborative project with Landmark, a Halliburton business line and provider of integrated E&P software.

The project aims to provide transparency to E&P decision makers — from oil field to board room — with a real-time, integrated view of their business’ performance.

For E&P companies, performance correlates with detailed technical, operational, and economic knowledge of the assets in their portfolios. Along those lines, Landmark will connect Schneider Electric’s IoT-enabled open and interoperable system architecture and platform EcoStruxure with Landmark DecisionSpace, allowing companies to build a real-time digital representation of individual assets and the overall portfolio.

“Thanks to the IoT and cloud solutions, we can transform upstream decision-making,” said Maurizio Rovaglio, vice president Technology & Alliances at Schneider Electric. “We’re applying these technologies in innovative ways to deliver new functionalities and greater benefits. It’s exciting stuff.”

Landmark and Schneider Electric will deliver integrated workflows designed for E&P lifecycle management.

“To undertake these projects, operators require technology and commercial terms that work within their business constraints — no IT system overhauls or huge outlays of capital to occur before value is demonstrated,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions.

The joint work extends to various aspects of upstream operations, including operations management, production surveillance, and production automation.

This move allows for simplified decision-making and optimized analytics for E&P Big Data enable management by exception. It also allows for improved well integrity. Shared workflows and predictive analytics help manage safety and asset integrity.

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