Tuesday, 9 February , 2021     |     1390      |      +      |     

Halliburton wins oil contract in Kuwait

Halliburton wins oil contract in Kuwait : Google
  • Business

US-based oil services company Halliburton has been awarded a contract from state-owned upstream operator Kuwait Oil Company (KOC) to work on maintaining and expanding digital systems in North Kuwait.


In a statement, Halliburton said:

“It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes.”

The project will use Halliburton’s exploration and production cloud-based subscription service called “DecisionSpace 365”.

In its statement, Halliburton said this service “will help KOC engineers model, optimise and deploy intelligent work processes to plan, forecast and optimise production and asset operations”.

Nagaraj Srinivasan, senior vice-president of Landmark, Halliburton Digital Solutions and Consulting, added: “We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production.

“By using cloud computing, internet of things and real-time technologies to drive new ways of working, we can improve production planning, scheduling and enable virtual and autonomous reservoir optimisation.”

Halliburton already has a significant presence in Kuwait’s oil and gas sector.

Over recent years it has won a variety of contracts from KOC, including offshore drilling work.

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Category: #Business, #Kuwait News, #Oil | 2021/02/09 latest update at 9:00 PM
Source : MEED | Photocredit : Google
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