PTTEP Awards Halliburton Digital Transformation Project
August 18 2020 - 6:00AM
Business Wire
Software solution targets production
excellence
Project includes Halliburton’s DecisionSpace®
technology suite and Honeywell Forge enterprise performance
management software
PTTEP, a national petroleum exploration and production company
in Thailand, awarded Halliburton (NYSE: HAL) a contract to design
and implement a series of digital transformation projects as part
of PTTEP’s Advanced Production Excellence (APEX) Initiative. APEX
will improve operational efficiency and production in four offshore
fields: Arthit, Greater Bongkot South, Greater Bongkot North and
the Myanmar Zawtika Field.
Landmark, a Halliburton business line, will deploy its
DecisionSpace® Production Suite in the cloud to improve production
operations from the subsurface to processing facilities. The
DecisionSpace® Enterprise Platform will integrate with Honeywell
Forge, a powerful analytics software solution providing real-time
data and visual intelligence, so PTTEP can implement more
productive and efficient work processes.
Using advanced physics-based and data science models, the
solution includes modeling of surface and subsurface components to
manage and optimize operations from the wells to the point of
delivery. This includes short-term production planning and
optimization, flow assurance monitoring and control, sand
production monitoring and control, condensate stabilization
optimization, CO2 membrane optimization, fuel gas optimization and
processing facilities performance monitoring and analysis.
“We look forward to collaborating with Honeywell to support
PTTEP on its digital transformation journey,” said Nagaraj
Srinivasan, senior vice president of Landmark and Halliburton
Digital Solutions. “Effectively leveraging and implementing digital
technologies improves efficiency to increase production, reduce
operating expenses and maximize the value of the operator’s
portfolio.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
more than 40,000 employees, representing 140 nationalities in more
than 80 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
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