Pavilion Oil & Gas SolutionOil & Gas Industry ChallengesIn an era of growing demand and increasingly expensive production, the oil and gas industry is challenged to seek new and innovative ways to efficiently produce both mature and early-life reservoirs. While discovery costs have declined by as much as 75% over the last twenty years, development and production costs have as much as doubled in this same time frame. These numbers reflect the oil and gas industry’s historical bias of investing in discovery and exploitation of the early life of a reservoir. However, the industry is changing its emphasis. Many companies are seeking innovative ways to prolong the productivity of mature fields. Pavilion – Halliburton Oil & Gas SolutionTo meet the needs of the oil and gas industry, Pavilion Technologies forged a relationship with Landmark, a brand of the Halliburton (NYSE: HAL) Digital and Consulting Solutions Division (HDCS) to embed Pavilion's key modeling, control, and optimization technology engine into their DecisionSpace® Production™ solution. Landmark's DecisionSpace Production solution will advance the digital oilfield of the future (DOFF) by using the embedded Pavilion technology to generate in real time a single integrated asset optimization model, which incorporates the reservoir, wells, gathering network and production facilities, and is capable of supporting optimal decisions. This integrated production operations solution creates a virtual collaborative environment that will provide total asset awareness, a decision support system enabling management-by-exception, and automated production workflows that orchestrate the collaboration necessary to achieve and sustain production optimization. The combination of Landmark and Pavilion technologies will position Landmark as the leading provider of Integrated Production Operations solutions to meet the production challenges faced by the industry. Operators expect Integrated Production Operations to create billions of dollars in value by increasing production and recovery while decreasing costs. "Technology from these two companies resolves one of the fundamental problems faced by the industry in defining the digital oilfield of the future," said Jonathan Lewis, vice president, Innovation and Marketing, HDCS. "The technology overcomes the limitations of traditional modeling technologies and establishes critical sub-surface / surface interfaces. By overcoming the resource and time constraints of traditional full physics simulators in relating critical interdependencies that occur across the value chain, it enables accurate, dynamic and relevant interpretation of multiple scenarios and actual conditions in real time. Due to the scope of the modeling engine and the execution speed of the decision support system, this technology relationship makes the vision of a real time integrated asset model a pragmatic and compelling reality." About Landmark www.lgc.com Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and KBR. Visit the company's website at www.halliburton.com. Oil and Gas Solution BenefitsOur solutions are tailored to deliver results that achieve your business operating objectives. Pavilion’s Oil and Gas Solution is the only commercial solution capable of performing the off-line supervisory intra-day optimization and online, closed-loop, real-time control with the same models. This means greater, and more sustainable value is created for Pavilion’s customers. These benefits vary based on a customer’s business objectives. However, our solutions consistently achieve performance in the following ranges: Accelerate Revenue
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