Halliburton Co. has received a contract from Kuwait Oil Company (KOC) on June 16 to expand the company’s digital transformation journey by implementing solutions to maximize operational efficiency and increase production. The scope applies to all Kuwait fields including West Kuwait, South and East Kuwait, and Heavy Oil, complementing a recently awarded contract for similar services in North Kuwait.
Halliburton will collaborate with KOC to accelerate their data-to-decisions cycle by implementing automated work processes and digital twins across KOC’s major assets. The solutions will leverage DecisionSpace® 365, Halliburton’s cloud-based subscription service for E&P applications, to automate work processes to accurately plan, forecast, and optimize production throughout the KOC portfolio. Built on an open architecture, the service integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.
“This award signifies our strong relationship with KOC as we collaborate and innovate across their company-wide digital transformation initiatives,” Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting, said. “This contract further demonstrates Halliburton’s strategic priority to accelerate the adoption of our digital services. Our software and consulting services will support KOC to optimize their assets, reduce production costs and increase recovery.”
Recommended Reading
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
NOV Appoints Former Denbury CEO Chris Kendall to Board
2024-12-16 - NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.
Ovintiv Names Terri King as Independent Board Member
2025-01-28 - Ovintiv Inc. has named former ConocoPhillips Chief Commercial Officer Terri King as a new independent member of its board of directors effective Jan. 31.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
2025-01-21 - Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.