Petrofac Signs Contract for Halliburton DecisionSpace® 365
July 15 2021 - 5:00PM
Business Wire
Petrofac will use Landmark Digital Well
Program® to deliver safe, cost effective and productive wells
Halliburton Company (NYSE: HAL) today announced it signed a
contract with Petrofac, an international service provider to the
energy industry, to adopt Digital Well Program®, a DecisionSpace®
365 cloud application to automate drilling, completions, and
engineering processes.
Powered by the iEnergy® Hybrid Cloud, the Digital Well Program
provides the industry’s only integrated digital well program
software. It is based on open architecture to enable flexibility so
users can co-innovate and create customized solutions to plan,
design, and deliver cost-effective and productive wells.
The three-year contract will enable Petrofac to incorporate
artificial intelligence, machine learning, and data science to
optimize its well engineering service offering. The agreement is
part of Petrofac’s digital strategy to significantly reduce
non-productive time and drive efficiencies across its global
operations.
“DecisionSpace365 enables Petrofac to combine well engineering
with productivity tools in the cloud to deliver unique value to
their customers. We look forward to collaborating with Petrofac to
support their digital transformation journey,” said Nagaraj
Srinivasan, senior vice president of Landmark, Halliburton Digital
Solutions and Consulting.
“By combining our decades of well engineering experience with
the latest digital technology, such as Halliburton’s iEnergy Hybrid
Cloud and Digital Well Program, we will drive further efficiencies
for our clients,” said Nick Shorten, chief operating officer of
Petrofac Engineering and Production Services.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
approximately 40,000 employees, representing 130 nationalities in
more than 70 countries, the company helps its customers maximize
value throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
company’s website at www.halliburton.com. Connect with
Halliburton on Facebook,
Twitter, LinkedIn, Instagram and YouTube.
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