Halliburton Partners with Petrobras to Build Digital Twin for Offshore Oil Field, Targeting Operations Optimization
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U.S. oilfield services company Halliburton partners with Petrobras-led consortium to develop a digital twin for Brazil's Mero pre-salt field.
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Digital twins use simulation, machine learning and reasoning to optimize operations over an asset's lifecycle.
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China has already deployed an FPSO with integrated digital twin technology for enhanced efficiency.
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Global digital twin market expected to grow from $3.1B in 2020 to $48.2B by 2026, a 58% CAGR.
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Digital twins can help oil and gas firms cut costs, improve reliability and make better decisions.