Landmark deal provides integrated production

Landmark is to embed Pavilion's key modelling, control and optimisation technology engine into its DecisionSpace Production solution.

Landmark, a brand of the Halliburton Digital and Consulting Solutions Division (HDCS), is to embed Pavilion's key modelling, control and optimisation technology engine into its DecisionSpace Production solution, a comprehensive new offering extending Landmark's capabilities in the production domain.

Landmark's DecisionSpace Production solution will advance the digital oilfield of the future by using the embedded Pavilion technology to generate in relative real time a single integrated asset optimisation model, which incorporates the reservoir, wells, gathering network and production facilities capable of supporting optimal decisions.

This integrated production operations solution creates a virtual collaborative environment that will provide total asset awareness.

In addition, a decision supports system enables management-by-exception and automated production workflows that orchestrate the collaboration necessary to achieve and sustain production optimisation.

The combination of Landmark and Pavilion technologies will position Landmark as the leading provider of integrated production operations solutions to meet the production challenges faced by the industry.

Operators expect integrated production operations to create billions of dollars in value by increasing production and recovery while decreasing costs.

"Technology from these two companies resolves one of the fundamental problems faced by the industry in defining the digital oilfield of the future", said HDCS Vice President Innovation and Marketing, Jonathan Lewis.

"The technology overcomes the limitations of traditional modelling technologies and establishes critical subsurface/surface interfaces".

"By overcoming the resource and time constraints of traditional full physics simulators in relating critical interdependencies that occur across the value chain, it enables accurate, dynamic and relevant interpretation of multiple scenarios and actual conditions in real time".

"Due to the scope of the modelling engine and the execution speed of the decision support system, this technology relationship makes the vision of a real time integrated asset model a pragmatic and compelling reality".

"This relationship validates the power and value of Pavilion's predictive modelling engine", said Pavilion Technologies President and Chief Executive Officer Ralph Carter.

"Our agreement allows Landmark's customers to incorporate a variety of model types to create one single asset model that executes fast enough to make a real impact".

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