Feb. 3, 2021, Houston: Halliburton Company today announced it was awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for their North Kuwait asset. It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace 365, a cloud-based subscription service for E&P applications.
Built on an open architecture, DecisionSpace 365 will help KOC engineers’ model, optimise and deploy intelligent work processes to plan, forecast and optimise production and asset operations. The open architecture integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.
“We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production”, said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting. “By using cloud computing, IoT and real-time technologies to drive new ways of working, we can improve production planning, scheduling and enable virtual and autonomous reservoir optimisation”.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximise value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimising production throughout the life of the asset.