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Member News28th Jan 2020

Neptune to adopt new digital subsurface technology

Neptune Energy has announced plans for a digital subsurface programme with the aim of discovering hydrocarbons 70% faster. The programme aims to reduce exploration costs and help bring discoveries into production up to three years earlier than current standards permit.

Neptune is working with a range of partners and vendors to develop new tools to scan and interpret seismic data, reducing the time spent by geoscientists on administrative work and preparation, and providing them with data-informed insights they can use to identify hydrocarbons more efficiently and with more certainty.

The company is also progressing a proof of concept project, testing new digital workstations provided by Cegal. This would create a global data hub and a platform for Neptune’s teams around the world to collaborate, pool resources and access geological data. Read more…