PTTEP Taps Halliburton for Offshore Production Optimization Services

Wednesday, August 19, 2020
File photo: PTTEP

Oilfield services firm Halliburton will design and implement a series of digital transformation projects aimed at boosting production from Thailand-based PTTEP's offshore oil fields.

Halliburton said Tuesday that it had won a contract to deliver its digital solutions as part of PTTEP's Advanced Production Excellence (APEX) Initiative. 

APEX will improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North, and the Myanmar Zawtika Field.

Halliburton's business line Landmark will deploy its DecisionSpace Production Suite in the cloud to improve production operations from the subsurface to processing facilities.

According to the oilfield services company, the DecisionSpace Enterprise Platform will integrate with Honeywell Forge, a powerful analytics software solution providing real-time data and visual intelligence, so PTTEP can implement more productive and efficient work processes.

Using advanced physics-based and data science models, the solution includes modeling of surface and subsurface components to manage and optimize operations from the wells to the point of delivery, Halliburton said.

"This includes short-term production planning and optimization, flow assurance monitoring and control, sand production monitoring and control, condensate stabilization optimization, CO2 membrane optimization, fuel gas optimization, and processing facilities performance monitoring and analysis," Halliburton added.

“We look forward to collaborating with Honeywell to support PTTEP on its digital transformation journey,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses, and maximize the value of the operator’s portfolio.”

Categories: Technology Activity Software Asia Digitalization Thailand

Related Stories

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

DeepOcean Expands Subsea Market Scope with Shelf Subsea Acquisition

DeepOcean Expands Subsea Market Scope with Shelf Subsea Acquisition

Current News

Aker Solutions Awarded Contract for BalWin2 Offshore Wind Project

Nigeria Introduces Oil Tax Relief for Cost-Cutting Measures Implementation

Gazelle Secures Multi-Million Funding for Floating Wind Demo

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Subscribe for OE Digital E‑News

Offshore Engineer Magazine