Kuwait Oil Company Selects Halliburton for Digital Transformation Projects
June 16 2021 - 7:00AM
Business Wire
Projects expand collaboration across all Kuwait
fields to increase production and recovery
Halliburton Company (NYSE: HAL) today announced it received a
contract from Kuwait Oil Company (KOC), a world leader in digital
transformation, to expand KOC’s digital transformation journey by
implementing solutions to maximize operational efficiency and
increase production. The scope applies to all Kuwait fields
including West Kuwait, South and East Kuwait, and Heavy Oil,
complementing a recently awarded contract for similar services in
North Kuwait.
Halliburton will collaborate with KOC to accelerate their
data-to-decisions cycle by implementing automated work processes
and digital twins across KOC’s major assets. The solutions will
leverage DecisionSpace® 365, Halliburton’s cloud-based subscription
service for E&P applications, to automate work processes to
accurately plan, forecast, and optimize production throughout the
KOC portfolio. Built on an open architecture, the service
integrates Halliburton and third-party technologies to enhance
operational performance and increase ultimate recovery.
“This award signifies our strong relationship with KOC as we
collaborate and innovate across their company-wide digital
transformation initiatives,” said Nagaraj Srinivasan, senior vice
president of Landmark, Halliburton Digital Solutions and
Consulting. “This contract further demonstrates Halliburton’s
strategic priority to accelerate the adoption of our digital
services. Our software and consulting services will support KOC to
optimize their assets, reduce production costs and increase
recovery.”
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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