Halliburton Co. has signed a contract with Petrofac to adopt Digital Well Program, a DecisionSpace 365 cloud application to automate drilling, completions, and engineering processes, the company said on July 15.
Powered by the iEnergy Hybrid Cloud, the Digital Well Program provides the industry’s only integrated digital well program software. It is based on open architecture to enable flexibility so users can co-innovate and create customized solutions to plan, design, and deliver cost-effective and productive wells.
The three-year contract will enable Petrofac to incorporate artificial intelligence, machine learning, and data science to optimize its well engineering service offering. The agreement is part of Petrofac’s digital strategy to significantly reduce non-productive time and drive efficiencies across its global operations.
“By combining our decades of well engineering experience with the latest digital technology, such as Halliburton’s iEnergy hybrid cloud and digital well program, we will drive further efficiencies for our clients,” Nick Shorten, COO of Petrofac engineering and production services, said.
Recommended Reading
Exxon Aims to Boost Guyana Gas Production, Explore Export Options
2025-02-21 - Production capacity in Guyana is expected to surpass 1.7 MMbbl/d, with gross production growing to 1.3 MMbbl/d by 2030.
Guyana Exported a Total of 225 Crude Cargoes in 2024
2025-01-14 - Guyana, Latin America's newest oil producer, is now the region's fifth largest crude exporter after Brazil, Mexico, Venezuela and Colombia.
Arc Resources to Supply Exxon with LNG Offtake from Cedar LNG
2025-03-11 - Exxon Mobil Asia Pacific Pte. Ltd. has agreed to buy 1.5 million tonnes per annum of ARC Resources’ LNG offtake from the Cedar LNG Project when the facility begins commercial operations.
Canadian Government to Fund Portion of Cedar LNG’s $5.96B Development Cost
2025-03-24 - The Government of Canada has pledged to contribute up to $200 million to help the Haisla Nation and Pembina Pipeline Corp. develop the $5.96 billion Cedar LNG Project
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
2025-01-31 - At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.