Automation specialist Schneider Electric announced a collaborative project with Landmark, a Halliburton business line, which aims to provide total transparency to (exploration and production) E&P decision makers—from oil field to board room—with a real-time, integrated view of their business’ performance.
Schneider Electric says that 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.
Schneider Electric says benefits of the partnership include: Enhanced reservoir insight, improved asset performance, simplified decision-making, and improved well integrity.