{"id":13605,"date":"2016-12-07T11:30:29","date_gmt":"2016-12-07T11:30:29","guid":{"rendered":"http:\/\/www.intelligentcio.com\/me\/?p=13605"},"modified":"2016-12-07T11:30:29","modified_gmt":"2016-12-07T11:30:29","slug":"schneider-electric-collaborates-with-halliburton-for-ep-sector","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2016\/12\/07\/schneider-electric-collaborates-with-halliburton-for-ep-sector\/","title":{"rendered":"Schneider Electric collaborates with Halliburton for E&amp;P sector"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Schneider Electric has announced a collaborative project with Landmark, a Halliburton business line and provider of integrated E&amp;P software.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The ongoing project aims to provide total transparency to E&amp;P decision makers\u2014from oil field to board room\u2014with a real-time, integrated view of their business\u2019 performance.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For E&amp;P companies, performance is correlated with detailed technical, operational, and economic knowledge of the assets in their portfolios. Schneider Electric is coming together with Landmark to connect Schneider Electric&#8217;s IoT-enabled open and interoperable system architecture and platform\u00a0EcoStruxure with <em>Landmark DecisionSpace<\/em>, allowing companies to build a real-time digital representation of individual assets and the overall portfolio.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThanks to the IoT and cloud solutions, we can transform upstream decision-making,\u201d says Maurizio Rovaglio, vice president Technology &amp; Alliances at Schneider Electric. \u201cWe\u2019re applying these technologies in innovative ways to deliver new functionalities and greater benefits. It\u2019s exciting stuff.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Together Landmark and Schneider Electric are delivering integrated and commercially impactful workflows designed for E&amp;P lifecycle management.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cTo undertake these projects, operators require technology and commercial terms that work within their business constraints\u2014no IT system overhauls or huge outlays of capital to occur before value is demonstrated,\u201d says Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The joint work extends to various aspects of upstream operations, including operations management, production surveillance, and production automation.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Benefits<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Initial findings of the project point to a number of benefits, including:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><b><\/b><span class=\"s1\"><b>Enhanced reservoir insight<br \/>\n<\/b>Faster feedback between well production equipment and the reservoir model plus more detailed history matching can lead to more accurate reservoir simulations<\/span><\/li>\n<li class=\"li1\"><b><\/b><span class=\"s1\"><b>Improved asset performance<br \/>\n<\/b>Increased operational reliability and asset insight allows for more informed decisions about secondary and tertiary recovery<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><b><\/b><span class=\"s1\"><b>Simplified decision-making<\/b><\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Optimised analytics for E&amp;P big data enable management by exception<\/span><\/li>\n<li class=\"li1\"><b><\/b><span class=\"s1\"><b>Improved well integrity<\/b><\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Shared workflows and predictive analytics help manage safety and asset integrity<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">Schneider Electric believes strongly in the power of the IIoT and its power to bring Innovation to Every Level of the Oil &amp; Gas industry, from field to enterprise level. This collaboration with Landmark is indicative of Schneider Electric\u2019s commitment to developing new, connected solutions together with customers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Schneider Electric has announced a collaborative project with Landmark, a Halliburton business line and provider of integrated E&amp;P software. The ongoing project aims to provide total transparency to E&amp;P decision makers\u2014from oil field to board room\u2014with a real-time, integrated view of their business\u2019 performance.\u00a0 For E&amp;P companies, performance is correlated with detailed technical, operational, and [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":13608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[687,809,332],"tags":[2960,1136,2961,284,2962,918,243,1279],"class_list":["post-13605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-more-news","category-software","tag-ep","tag-energy","tag-halliburton","tag-iot","tag-landmark","tag-oil-gas","tag-schneider-electric","tag-software-for-business"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/13605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=13605"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/13605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/13608"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=13605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=13605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=13605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}