Investor Highlights

Cognitive E&P Environment Reduces the Cost Per Barrel

DELFI* cognitive E&P environment enables secure collaboration across E&P teams by leveraging digital technologies such as:

  • analytics and machine learning
  • high-performance computing
  • the Internet of Things

These technologies and others work together to improve operational efficiency and deliver optimized production at the lowest cost per barrel. With the launch of the DELFI environment, an E&P Data Lake comprising more than 1,000 3D seismic surveys, 5 million wells, 1 million well logs, and 400 million production records from around the world has been deployed on the Google Cloud Platform.

Digital Well Construction Planning Solution

Schlumberger introduced the DrillPlan* digital well construction planning solution, the first step in the DELFI* cognitive E&P environment.

The DrillPlan solution is part of a fully integrated well construction offering that:

  • enhances user collaboration
  • provides a new way of working

Operators and service companies have access to all the data and science needed in a single, common system, which creates a circular workflow where plans are improved as new data are added.

Drilling the Longest “Super Lateral”

In North America land, Schlumberger used a combination of technologies for Eclipse Resources to drill the longest onshore horizontal lateral. The 19,630-ft “super lateral” in the Utica Shale play:

  • was drilled in a single run of 121 hours
  • achieved a total rate of penetration of 162 ft/h
  • surpassed the previous record, also held by Eclipse, by 158 ft
  • was drilled 37% faster than the first record-length well

The super lateral helped the customer reduce overall AFE cost by decreasing the number of horizontal penetrations required to develop the reservoir. The technologies included:

Increasing ROP by 57%

In North America land, Bits & Drilling Tools increased the rate of penetration (ROP) by 57% for Cimarex in the STACK Meramec play. A combination of:

drilled the fastest mile-long lateral wellbore in the formation.

EPC Contract in India

In India, Reliance Industries Limited awarded OneSubsea an engineering, procurement, and construction (EPC) contract for the supply of a subsea production systems (SPS) package for the offshore R Cluster Project in the Bay of Bengal. The contract includes:

The contract also includes installation and commissioning support and life-of-field services. The contract was formalized in July with expected hardware deliveries to begin in mid-2018.

Highlights Archive