Halliburton, PTTEP launch digital solutions for energy industry
SUMMARY
These solutions will address industry challenges in Thailand, Malaysia, and Vietnam.
By Shardul SharmaHalliburton has partnered with Thai PTT Exploration and Production Public Company (PTTEP) to launch digital solutions tailored to address industry challenges in Thailand, Malaysia, and Vietnam, Halliburton announced on August 30.
The first two solutions being launched are PTTEP’s Well Delivery Process (WDP), WellSafvy, and Advanced Production Excellence (APEX) which are built on Halliburton’s DecisionSpace 365 suite of applications and are now extended for interested oil and gas operators in the selected countries.
WDP WellSafvy is a web-based integrated well delivery solution that has been successfully used to plan more than 600 wells, resulting in well design quality improvement and approximate 30% reduction in well planning cycle time.
APEX solution is a multi-module optimization tool for improving overall operational efficiency in offshore producing fields by uplifting more petroleum production with selective optimiser, monitoring and reducing operating cost using data analytics, and optimising reservoir management to maximize field potential. More than three producing assets and over 1,500 wells have been successfully optimised by APEX.
In addition, Halliburton signed a joint marketing agreement with AI and Robotics Venture (ARV), a subsidiary of PTTEP, to market and deliver the digital solutions to a broader market.
