Halliburton Co. has signed a contract with Petrofac to adopt Digital Well Program, a DecisionSpace 365 cloud application to automate drilling, completions, and engineering processes, the company said on July 15.
Powered by the iEnergy Hybrid Cloud, the Digital Well Program provides the industry’s only integrated digital well program software. It is based on open architecture to enable flexibility so users can co-innovate and create customized solutions to plan, design, and deliver cost-effective and productive wells.
The three-year contract will enable Petrofac to incorporate artificial intelligence, machine learning, and data science to optimize its well engineering service offering. The agreement is part of Petrofac’s digital strategy to significantly reduce non-productive time and drive efficiencies across its global operations.
“By combining our decades of well engineering experience with the latest digital technology, such as Halliburton’s iEnergy hybrid cloud and digital well program, we will drive further efficiencies for our clients,” Nick Shorten, COO of Petrofac engineering and production services, said.
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