U.S. oil and gas company Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton.
Halliburton reported on Wednesday, 22 March 2023, that Hess had selected Halliburton’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to “plan, design, and construct safe, cost effective, and productive wells.”
Nagaraj Srinivasan , senior vice president of Landmark, Halliburton Digital Solutions and Consulting, remarked: “Our landmark technology provides an open and agnostic platform that enables automation using AI/ML and integrates seamlessly with third-party systems throughout drilling plan, design and execute workflows. We are excited to collaborate with Hess to help increase shared access to enterprise knowledge and cross-team collaboration, which will positively impact their digital workflows.”
According to the U.S. oilfied services provider, DecisionSpace 365 applications empower “an agile enterprise” and bring planning, design, and operations together to create a digital twin of the well construction process. The company explains that these applications provide operators “real time and efficient collaboration” with oilfield service providers and drilling contractors.
Halliburton claims that Hess can leverage predictive drilling analytics using artificial intelligence (AI)/machine learning (ML) and gain comprehensive oversight across the entire well construction lifecycle with DecisionSpace 365 powered by iEnergy hybrid cloud.
Richard Lynch , SVP, Technology and Services at Hess, remarked: “Hess is using advanced technology to elevate our operational performance and do that sustainably. We look forward to applying this solution to help reduce well costs and optimize our digital workflow.”
Regarding Hess’ recent activities, it is worth noting that the U.S. oil and gas player unveiled a blueprint of its Exploration & Production capital and exploratory budget for 2023 at the end of January 2023. This will amount to $3.7 billion, with approximately 80 per cent to be allocated to developments in Guyana and the Bakken four-rig programme.
Based on Hess’ statement, the firm will spend $550 million to drill approximately 10 exploration and appraisal wells on the Stabroek Block, two wells in the Gulf of Mexico and one well offshore Newfoundland, Canada .