Libra Consortium and Halliburton Landmark collaborate to develop field digital twin

The Libra digital twin will help the consortium reduce capital expenditures, accelerate production times, and improve crude oil recovery rate using new insights obtained in a real-time environment. The digital twin is a virtual representation of the physical asset that replicates its behaviour and characteristics. It allows operators to run ‘what if’ scenarios to improve decision-making and maximise 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. It brings 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. This will assist with asset characterisation, proactive reservoir monitoring, and asset operations planning and optimisation.

Nagaraj Srinivasan, Senior Vice President of Landmark, Halliburton Digital Solutions, and Consulting, said:”The Mero unitised field digital twin reiterates Landmark's leadership in leveraging E&P cloud and digital solutions to revolutionise reservoir performance and asset optimisation. This dynamic system will empower the consortium with comprehensive, continuous insights around optimisation opportunities, cost reduction potential, and uncertainty mitigation throughout the asset lifecycle.”

Read the article online at: https://www.oilfieldtechnology.com/product-news/12122023/libra-consortium-and-halliburton-landmark-collaborate-to-develop-field-digital-twin/