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.
US-based Halliburton Company has been awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for its North Kuwait asset.
Halliburton Company has announced it was secured a key 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.
Halliburton to provide digital solutions for KOC
HOUSTON, February 4, 2021 Halliburton Company has announced it was awarded a contract from Kuwait Oil Company (KOC) to collaborate on its 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.
KOC will be able to design and operate North Kuwait field digital twins.
Kuwait Oil Co. (KOC) has awarded Halliburton Co. (NYSE: HAL) a contract to provide digital technologies to support its goal of increasing production from its North Kuwait asset, Halliburton reported Wednesday.
“We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production,” commented Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting, in a written statement emailed to Rigzone.
Halliburton pointed out that KOC will be able to accelerate its data-to-decisions cycle by designing and operating digital twins of the North Kuwait field, automating work processes, via the service company’s “DecisionSpace 365” cloud-based E&P subscription service. It contends the open-architecture system will help KOC engineers to model, optimize, and deploy intelligent work proce