Cost Reduction NEWS

The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, according to GlobalData. Digital twins are key to achieving this objective and ensuring sustainable operations in the long run.

Halliburton today launched its brand new hybrid separation system, the BaraOmni™. The novel separation technology effectively removes ultra-fine low gravity solids (LGS), resulting in better performing, longer lasting fluid systems leading to reduction in costs. The system was successfully operational in West Texas, within 24 hours of mobilization and while application, reduced solids from a 24% concentration LGS to a mere 3%.