PTTEP, a national petroleum exploration and production company in Thailand, on Aug. 18 awarded Halliburton a contract to design and implement a series of digital transformation projects as part of PTTEP’s advanced production excellence (APEX) initiative. 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 DecisionSpace Enterprise 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 modeling 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.
“We look forward to collaborating with Honeywell to support PTTEP on its digital transformation journey,” Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions, said. “Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses and maximize the value of the operator’s portfolio.”
Recommended Reading
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.