PTTEP inks digital transformation deal with Halliburton

Oilfield services giant Halliburton has won a deal to design and implement a series of digital transformation projects aimed at boosting production from Thailand-based PTTEP’s offshore oil fields.

Halliburton said on Tuesday that the digital
transformation projects would be part of PTTEP’s Advanced Production Excellence
(APEX) initiative.

According to the company, 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 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 modelling 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.

Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions, said: “We look forward to collaborating with Honeywell to support PTTEP on its digital transformation journey.

“Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses and maximize the value of the operator’s portfolio”.