Schneider Electric, Halliburton collaborate on E&P management
Improved asset performance, simplified decision-making and enhanced operational intelligence among first findings of the project
Schneider Electric has announced a collaborative project with Landmark, a Halliburton business line that provides integrated E&P software.
The ongoing 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 is correlated with detailed technical, operational, and economic knowledge of the assets in their portfolios. Schneider Electric is coming together with Landmark to 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,” says 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.”
Together Landmark and Schneider Electric are delivering integrated and commercially impactful 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,” says 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.
According to the partners, initial findings of the project point to a number of benefits, including, enhanced reservoir insight; improved asset performance; simplified decision-making; and improved well integrity.
Schneider Electric believes strongly in the power of the IIoT and its power to bring innovation to every level of the Oil & Gas industry, from field to enterprise level, the company says. This collaboration with Landmark is indicative of Schneider Electric’s commitment to developing new, connected solutions together with customers, it adds.