Spanish oil company Repsol has hired oilfield services giant Halliburton for the provision of cloud-based master data management solutions for exploration and production (E&P) activities.
Halliburton said its software as a service enables users to load, ingest, manage and access log, well, and other E&P data across different locations for greater efficiency and productivity throughout Repsol’s asset portfolio.
“As exploration and production challenges intensify, operators need to generate insights to enhance performance from existing data. Effectively managing E&P data through a comprehensive, cloud solution drives greater communication, accuracy, and consistency so operators can make better-informed decisions. Repsol will implement the cloud solution for simultaneous access and management across ten global locations during the contract’s first year with additional locations to follow,” Halliburton said.
Nagaraj Srinivasan, Senior VP of Landmark and Halliburton Digital Solutions said the cloud simplifies and lowers the cost of managing information across the well lifecycle, and that its solution made the same data available in context at the right time.
Halliburton did not share the financial details of the agreement.
Offshore Energy Today Staff
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