Halliburton Co. said Oct. 1 that PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark’s Digital Well Program application to automate drilling, completions and engineering processes across the well lifecycle.
Digital Well Program, an application within DecisionSpace® 365, transforms how wells are 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.
RELATED: Halliburton Unveils DecisionSpace 365 Cloud Application Suite
“We are excited to collaborate with PTTEP to improve drilling performance. 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,” Sid Whyte, senior vice president of Halliburton Asia Pacific, said. “This contract demonstrates Halliburton’s commitment to understanding customer challenges and applying the right technology that maximizes their asset value.”
Recommended Reading
Mitsubishi Makes Investment in MidOcean Energy LNG
2024-04-02 - MidOcean said Mitsubishi’s investment will help push a competitive long-term LNG growth platform for the company.
Mexico Pacific Appoints New CEO Bairstow
2024-04-15 - Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
Tellurian, Institution Investor Agree to New Loan Repayment Terms
2024-02-22 - Tellurian reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral.
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
2024-02-15 - BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.