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
CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.