Halliburton Co. has been awarded a contract from Kuwait Oil Company (KOC) on Feb. 3 to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for their North Kuwait asset.
It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace 365, a cloud-based subscription service for E&P applications.
Built on an open architecture, DecisionSpace 365 will help KOC engineers’ model, optimize and deploy intelligent work processes to plan, forecast and optimize production and asset operations. The open architecture integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.
“We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production,” Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting, said. “By using cloud computing, IoT and real-time technologies to drive new ways of working, we can improve production planning, scheduling and enable virtual and autonomous reservoir optimization.”
The award have resulted in over 150 new positions being created in the region and includes scopes that accelerates the company’s expansion in the drilling sector.
NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialized drilling equipment used in offshore and land-based oil and gas extraction applications, from Carpenter Technology Corp. on Oct. 12.
Churchill Drilling Tools, a global oilfield service company specializing in drilling innovation, said Oct. 30 it achieved four successful drill-string severs using its HyPR HoleSaver, following stuck pipe events across the Middle East, including two in the UAE.