Halliburton forms strategic agreement with Microsoft and Accenture to advance digital capabilities

HOUSTON – July 17, 2020  Halliburton (NYSE: HAL), Microsoft Corp. (Nasdaq: MSFT) and Accenture (NYSE: ACN) today announced they have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure.

Under the agreement, Halliburton will complete its move to cloud-based digital platforms and strengthen its customer offerings by:

  • Enhancing real-time platforms for expanded remote operations,

  • Improving analytics capability with the Halliburton Data Lake utilizing machine learning and artificial intelligence, and

  • Accelerating the deployment of new technology and applications, including SOC2 compliance for Halliburton’s overall system reliability and security.

Halliburton logo“The strategic agreement with Microsoft and Accenture is an important step in our adoption of new technology and applications to enhance our digital capabilities, drive additional business agility and reduce capital expenditures,” said Jeff Miller, Halliburton chairman, president & CEO. “We are excited about the benefits our customers and employees will realize through this agreement, and the opportunity to further leverage our open architecture approach to software delivery.”

“Moving to the cloud allows companies to create market-shaping customer offerings and drive tangible business outcomes,” said Judson Althoff, executive vice president, Microsoft’s Worldwide Commercial Business. “Through this alliance with Halliburton and Accenture, we will apply the power of the cloud to unlock digital capabilities that deliver benefits for Halliburton and its customers.”

Accenture logoThe agreement also enables the migration of all Halliburton physical data centers to Azure, which delivers enterprise-grade cloud services at global scale and offers sustainability benefits. Accenture will work closely with Microsoft, in conjunction with their Avanade joint venture, to help transition Halliburton’s digital capabilities and business-critical applications to Azure. Accenture will leverage its comprehensive cloud migration framework, which brings industrialized capabilities together with exclusive tools, methods, and automation to accelerate Halliburton’s data center migration and provide for additional transformation opportunities.

“Building a digital core and scaling it quickly across a business is only possible with a strong foundation in the cloud,” said Julie Sweet, chief executive officer, Accenture. “Halliburton recognizes that this essential foundation will provide the innovation, efficiency and talent advantages to do things differently and fast. We are proud to be part of driving this transformational change, which builds on our long history of working with Halliburton and Microsoft.”

The companies expect to complete the staged migration by 2022.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About Halliburton

Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With approximately 50,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on FacebookTwitterLinkedInInstagram and YouTube.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 513,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.

For Microsoft

Microsoft Media Relations
WE Communications for Microsoft
(425) 638-7777
rrt@we-worldwide.com

For Halliburton

Investors:
Abu Zeya
Halliburton, Investor Relations
Investors@Halliburton.com
281-871-2633

Media:
Emily Mir
Halliburton, Public Relations
PR@Halliburton.com
281-871-2601

For Accenture
 Christian Harper
Accenture Media Relations
Christian.harper@acccenture.com
516-434-8615

Video

SUSTAINABLE DRILLING – INTRODUCING ZOOM™ DX PWS

ZOOM™ DX

PWS unrivaled ZPP software puts our ZOOMs where you need them for maximum drilling efficiency.

Overview

The Zoom DX is a robust, user-friendly tool that is added to the drillpipe to enhance rotary drilling performance under the most challenging of wellbore conditions when drilling horizontal wells. The Zoom DX uses a specially designed positive displacement motor (PDM) power section to rotate our bespoke mass oscillation system that enables the drill string to break friction and maintain the string in forward momentum. In turn, this ensures smooth torque and RPM transfer through the string, mitigating the effects of string elasticity and the resultant stick slip and vibrations on the BHA.

Features

The ZOOM DX generates vibration on the X-Y axis, thereby eliminating the need for a shock sub since no Z-axis impact vibration is created. Amplitude and frequency of energy propagation is controlled by changing the flow configuration within the tool according to planned flow rates, and the ZOOM DX operates with all conventional fluids or two-phase flow and is compatible with all standard drill pipe. The ZOOM DX is MWD and LWD friendly, which means that the ZOOM DX can be run near them on the bottom hole assembly or multiple ZOOM DX can be adopted across the string.

Benefits

  • Minimal pressure drop (<180 psi) with no impact to MWD signals

  • Weight transfer solution giving way to longer horizontal sections

  • Removes string generated stick/slip

  • Increasing rates of penetration

  • Reduced BHA wear and downhole tool failure rates

  • Reduced possibility of differential sticking

  • Reduced wellbore fatigue

  • Cross fluid compatibility

  • Inhouse-designed placement program

  • No complex internal valve system

  • Less than 1/3 the pressure drop versus a conventional vibratory tool

Video

TED Talk on methane and the oil and gas industry

This TED Talk heralds a new era in fighting climate change, from space

Watch this video to learn about a bold, new initiative to combat global warming

EDF and partners are launching a rocket to put a new satellite in orbit that could change the course of global warming in our lifetimes.

MethaneSAT will gather data about a pollutant – methane – that’s warming the planet, and put that data in the hands of people who can easily fix the problem.

EDF President Fred Krupp unveiled the groundbreaking project at TED’s flagship event in Vancouver, British Columbia, as part of The Audacious Project, successor to the TED Prize.

Just the first step will have the same near-term climate benefit as shutting down one-third of the world’s coal-fired power plants.

Fred Krupp, EDF President

Fred Krupp, EDF President

Our goal is to cut methane emissions 45 percent by 2025, and the data gathered by this satellite will make that possible. Nothing else will have the same kind of near-term impact at such a low cost.

The power of information

To learn the magnitude of the problem with methane, we collected data with drones, planes, helicopters, even Google Street View cars. It turned out that emissions are up to five times higher than what the government is reporting.

So we didn’t wait for Washington. We published our research, shared it with everyone and saw them take action. Leading oil and gas companies replaced valves and tightened loose-fitting pipes. Colorado became the first state to limit methane pollution. California followed suit, and the public joined in.

By bringing the right people to the table – and leveraging the best of technology, science, data and partnerships – we were able to make the invisible visible, empowering everyone. This enabled us to find new solutions that can be taken to scale and make a lasting impact.

And that’s what the emerging Fourth Wave of environmentalism is all about.

Source:  EDF Environment Defense Fund

BP deploys Plant Operations Advisor on Gulf of Mexico platforms

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets around the world

HOUSTON – BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico.

The announcement comes after an initial deployment of POA proved the technology could help prevent unplanned downtime at BP’s Atlantis platform in the Gulf.

The technology has now been successfully installed and tested at BP’s Thunder Horse, Na Kika, and Mad Dog platforms – and it will continue to be deployed to more than 30 of BP’s upstream assets across the globe.

Diana and Barth keep a close eye on the plant

“BP has been one of the pioneers in digital technology in our industry, and co-development of Plant Operations Advisor with BHGE is a key plank of modernizing and transforming our upstream operations,” said Ahmed Hashmi, BP’s global head of upstream technology. “We expect the deployment of this technology not only to deliver improvements in safety, reliability, and performance of our assets but also to help raise the bar for the entire oil and gas industry.”

Built on GE’s Predix platform, POA applies analytics to real-time data from the production system and provides system-level insights to engineers so operational issues on processes and equipment can be addressed before they become significant. POA helps engineers manage the performance of BP’s offshore assets by further ensuring that assets operate within safe operating limits to reduce unplanned downtime.

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“BP has been one of the pioneers in digital technology in our industry, and co-development of Plant Operations Advisor with BHGE is a key plank of modernizing and transforming our upstream operations.”

Ahmed Hashmi, BP’s global head of upstream technology

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Now live across the Gulf of Mexico, POA works across more than 1,200 mission-critical pieces of equipment, analyzing more than 155 million data points per day and delivering insights on performance and maintenance. There are plans to continue augmenting the analytical capabilities in the system as POA is expanded to BP’s upstream assets around the globe.

BP and BHGE announced a partnership in 2016 to develop POA, an industry-wide solution for improved plant reliability. The teams have built a suite of cloud-based Industrial ‘internet of things’ (IoT) solutions that have been tailor-fit for BP’s oil and gas operations.

“The partnership between BP and BHGE has resulted in a unique set of capabilities that quickly find valuable insights in streams of operational data,” said Matthias Heilmann, president, and CEO of Digital Solutions and chief digital officer for Baker Hughes, a GE company. “Together, we are creating leading-edge technologies to automate processes and increase the safety and reliability of BP’s upstream assets. As we extend the solution globally, this will become the largest upstream Industrial IoT deployment in the world when complete.”

BP is currently in the process of deploying POA to its operations in Angola with additional deployments in Oman and the North Sea scheduled for 2019.

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Downloads

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About BP

BP is a global producer of oil and gas with operations in over 70 countries. BP has a larger economic footprint in the U.S. than in any other nation, and it has invested more than $100 billion here since 2005. BP employs about 14,000 people across the U.S. and supports more than 106,000 additional jobs through all its business activities. For more information on BP in America, visit www.bp.com/us.

About Baker Hughes, a GE company

Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only full stream provider of integrated oilfield products, services, and digital solutions. We deploy minds and machines to enhance customer productivity, safety, and environmental stewardship while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world.

Further Information

Name: BP U.S. Media Affairs
Email: uspress@bp.com

Name: Ashley Nelson
Phone: +1 925 316-9197
Email: ashley.nelson1@ge.com

Name: Gavin Roberts
Phone: +44 7775547365
Email: gavin.roberts@bhge.com

OFFSHORE DECOMMISSIONING IN ASIA PACIFIC REGION: WHY ‘RIG TO REEF’ IS VITAL

The Asia Pacific region is set to follow the North Sea in increasing its decommissioning activity over the next decade. Indonesia, Brunei, Malaysia and the rest of the region is home to 833 installations that are on or over 20 years old – the average life expectancy of offshore assets. But with so much of the region’s infrastructure under threat from decommissioning, many have questioned the impact to the environment.

A thought piece by the National University of Singapore (NUS) singled out the importance of rig to reef in this context back in 2012. In this blog, we explore what could be done in the region to both keep the integrity of the sea bed and complete decommissioning applications as efficiently as possible.

RIG-TO-REEF

Rig-to-reef (RTR) is the practice of converting decommissioned platform infrastructure into artificial reefs for the seabed. The practice has already proved popular in the Asia Pacific when the storm-damaged Baram-8 in Malaysia was made into an artificial reef. Despite there being no current RTRs in place in the region, there is sure to be an appetite as decommissioning work increases.

Rigs prove popular with sea life, especially as they become an integral part of the seabed over their 20-30 year life span. An OCS report that focussed on the Gulf of Mexico in 2000 stated that fish densities were 20-50 times higher around the platforms than anywhere else in open water – a true sign that artificial reefs work.

PROS OUTWEIGH THE CONS

While operators may look towards asset life extension techniques to keep relevant rigs operating, those who are set to decommission will be pleased to know that the pros outweigh the cons in terms of implementing RTRs with old assets.

Despite potential navigational issues around the Asia Pacific region, operators creating RTRs could benefit from being more environmentally friendly, increasing fisheries in the field, and potentially negating costs such as rig disposal. The question on whether RTRs would be welcome in the region are so far undecided and confusing by governing bodies, according to the NUS.

GIVEN THE GREEN LIGHT

In her presentation for the National University of Singapore, Youna Lyons highlighted the large discrepancy between governing bodies and law in the Asia Pacific region that meant operators looking to RTRs would be left confused as to whether they could undertake a project after decommissioning.

“(While) international law does not prevent the re-use of rigs as artificial reefs, provided that it does not compromise the safety of navigation, IMO guidelines (on the matter) are inadequate. A paradigm shift is needed in the approach.”

The biggest issue seems to be the safety of navigation around such artificial reefs by shipping traffic. That aside, the law states that rigs can be re-used, it is just a case of where they will be able to be positioned.

RIG TO REEF IS VITAL

In summary, the presentation reveals how vital rig to reefs can be for both operators and environment. While operators can potentially save money, and enhance the environment they’ve extracted from, the seabed and sea life can see drastic increases in activity if the manmade reefs are positioned well – as long as governing bodies and local authorities agree, Asia Pacific could benefit from more RTRs in the future.

THE INCREASE OF DECOMMISSIONING

As operators around the world review their aged assets, in the current climate it is no surprise to see decommissioning projects beginning on non-profitable rigs. In the Claxton Engineering Decommissioning Case Study Pack, you will learn how the Claxton team have already helped operators on their decommissioning projects and helped to save time and money too.

To find out more about the free offshore Decommissioning Case Study Pack, and to get your hands on a copy, click here.

Please be sure to follow and subscribe to Claxton at http://insights.claxtonengineering.com/.

Originally written and posted by Andy Norman, Head of Brand and Marketing, Claxton.

 

RPSEA Outlines Oil & Gas Research Needs for the Next Decade

The nonprofit research Partnership to Secure Energy for America (RPSEAhas unveiled a comprehensive 10-year plan for advancing research into sustainable oil and gas technology that aims to help cement the status of the U.S. as a leading global producer well into the future.

The wish list of research needs addresses a diverse roster of topics that ranges widely from studies on streamlining the development of offshore reservoirs to improving well recovery in shale plays and advancing environmentally sensitive practices.

“No one knows what the energy industry will look like in the next 10 years, but we do know in order to maintain our leadership position, the United States must compete on a global basis, (and) take full advantage of rapidly evolving technology and address the variety of challenges we will face,” RPSEA President Tom Williams said in a press release.

The Research & Development Plan (R&D Plan) is being released at a critical point in the history of the U.S. oil industry.

Fueled by the shale revolution and development of complex deepwater reservoirs, U.S. oil production surged to a 37-year high of 10 million barrels per day in November and output is expected to continue climbing to a fresh all-time record this year, according to the federal Environmental Information Administration.

U.S. oil production hit a 37-year high of 10 million b/d in November 2017. Source: EIA

With output pushing higher and an oil-friendly administration in the White House, the need to focus on sustainable, environmentally conscious development practices is more apparent than ever.

The R&D Plan draws heavily on input from industry stakeholders and RPSEA’s network of subject matter experts, including universities, national laboratories, as well as large and small energy producers and consumers. It also builds on the foundation of RPSEA’s successful program in the past decade working with the industry, academia, and the Department of Energy National Energy Technology Laboratory (NETL).

Onshore Research Needs

Included in the research needs outlined in the R&D Plan are calls for studies into the most effective strategies and technologies for developing unconventional reservoirs, such as the Marcellus Shale in Appalachia, the Bakken Shale in North Dakota and the Eagle Ford Shale in Texas.

The report notes that the average U.S. shale well currently recovers less than 10% for oil production and 15% for gas production, making the enhancement of reservoir recovery an issue of great interest for all stakeholders. It suggests research into better reservoir characterization to improve the well design and wellbore placement to boost recovery.

As shale development increases, the R&D Plan also recommends examining of issues surrounding flowlines, pipelines, and stray gas especially in areas where population growth has occurred on top of old and sometimes abandoned flowlines that were not mapped or identified.

This need was highlighted last year by an incident in Firestone, Colorado. A home in relatively new Front Range neighborhood was destroyed in an explosion linked to an old flowline that was thought to be out of service. The accident led to two deaths and prompted state regulators to call for the inspection of wells and flowlines across the state.

“The domestic unconventional gas resource has dramatically altered the energy picture in the U.S.,” the report said. “As attention turns toward shale gas resources around the world, the technologies developed through this program and applied to the environmentally responsible development of domestic resources will keep U.S. companies and universities in the forefront of global unconventional resource development.”

The R&D Plan also included a call for documenting the impact of shale gas production on regional air and water quality, with proposed projects on environmental baseline monitoring, fugitive methane emissions and fracturing flow back water characterization.

Water management was highlighted as a universal issue, with the cost of recycling being an important factor. Though the report noted that advances are somewhat restricted by regulations, liability, risks, transportation, sourcing, and disposal. It also highlighted a need for research and better technologies to monitor and manage water disposal related to induced seismicity.

Offshore Research Needs

Offshore production research needs were also a subject of significance in the R&D plan. In recent years, several big deepwater developments have come online that pushed the technological boundaries of the industry to new limits and helped to propel production from the federal Gulf of Mexico to a record 1.7 million b/d in November, EIA data show.

Deepwater reservoirs are particularly challenging and costly to develop. They require years of advance planning and pose unique operating challenges and risks.  The R&D plan recommends further research into a variety of issues associated with this output to find ways to streamline the process of bringing new wells online while minimizing environmental impacts.

“The goal of Offshore Program is to develop environmentally sensitive, cost-effective technologies to identify and develop resources in increasingly challenging conditions and ensure that the understanding of the risks associated with deepwater operations keeps pace with the technologies that industry has developed,” the R&D Plan said.

Becoming a Safety Leader

The research model RPSEA has developed includes actively engaging stakeholders across the entire community of energy producers, researchers, technology providers, regulators and environmental groups.

And while the R&D Program was primarily developed to promote the safe delivery of energy resources to U.S. citizens, any discoveries could also be extended to oil and gas production in other countries across the world.

“While the U.S. is currently a leader in terms of the development of oil and gas (in particular, the onshore unconventional shale resources), other nations are beginning to see these resources as an important component of a plan to move toward a lower-carbon, sustainable energy mix,” Williams said.

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