Halliburton bags digital transformation contract from PTTEP

Thailand’s national oil company PTTEP has awarded Halliburton a digital transformation contract under which the latter will provide its Digital Well Program technology for automation of drilling, and also for completions and engineering processes across the well lifecycle.

Digital Well Program, which is an application within DecisionSpace 365, is claimed to transform the way wells are constructed and delivered. According to Halliburton, this is achieved through a combination of a digitalized planning and design process and engineering models, all on a single and open platform.

Operated on a public cloud platform, the Digital Well Program is said to support all new wells drilled and will make use of data from more than 1,500 existing wells to streamline planning cycle times. The drilling technology from Halliburton is expected to facilitate automation, bring in advanced analytics and optimize well design by deploying machine learning and artificial intelligence technologies.

Sid Whyte – senior vice president of Halliburton Asia Pacific said: “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.

“This contract demonstrates Halliburton’s commitment to understanding customer challenges and applying the right technology that maximizes their asset value.”