This will create a platform, the company said, for its digital well program.
Neptune goals include cutting the duration for planning wells from weeks to days; automating engineering calculations; and consolidating data currently held across multiple global locations into one.
Moving to a cloud-based solution, the company added, should allow it to exploit the benefits of artificial intelligence, machine learning and data analytics to address upstream issues and support its overall digital transformation.
DecisionSpace 365 cloud applications will allow Neptune to construct digital twins of its wells that plan and track their progress throughout their lifecycle, also modeling opportunities for optimized performance and predicting problems before they occur.
This should also help the company optimize inventories of its plant, personnel, and production resources.
Brett McIntyre, Neptune’s global head of drilling & wells, said: “The industry faces unprecedented challenges at this time and new digital technologies are enabling E&P companies to be more efficient, maximize the value of their activities, reduce costs and support employees.
“We see significant opportunities to enhance the safety and productivity of our global drilling and wells activities, reducing non-productive time and supporting our global teams’ ability to work together to share knowledge and best practice…
“By applying technology smartly, we can also reduce waste across the whole value chain and support our ability to be a safer, faster and better business.”
By consolidating data from the company’s four enterprise data management environments into one system in the cloud, the drilling and wells teams should be able to access all well data from any location, at any time.
Ahmed Kenawi, Halliburton’s senior vice president for Eurasia, Europe and Sub-Saharan Africa added: “Our DecisionSpace 365 cloud applications powered by the iEnergy Hybrid Cloud will increase efficiency and productivity across the well lifecycle…”