PTTEP, Halliburton ink digital transformation deal
- Business & Finance
Thai oil and gas firm PTTEP has selected oilfield services giant Halliburton for its Digital Well Program application to automate drilling, completions, and engineering processes across the well lifecycle.
Halliburton said on Tuesday that the Digital Well Program could transform how wells were constructed and delivered by combining a digitalized planning and design process with engineering models on a single and open platform.
The product, running on a public cloud platform, will support all new wells drilled and leverage data from over 1,500 existing wells to reduce planning cycle times, enable automation, advanced analytics, and optimize well design using machine learning and artificial intelligence.
Sid Whyte, SVP of Halliburton Asia Pacific, said: “Digital Well Program, as an out of the box product with best in class workflows, will allow PTTEP to extend their existing drilling and completions practices for faster and more accurate well delivery.
“This contract demonstrates Halliburton’s commitment to understanding customer challenges and applying the right technology that maximizes their asset value.”
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