Halliburton (HAL) announced a strategic collaboration with PETRONAS Carigali Sdn. Bhd. to advance subsurface modeling and reservoir management. “As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark’s DecisionSpace 365 Geosciences Suite and Unified Ensemble Modeling solutions with the objective to unify exploration and development workflows and accelerate time to first oil… This collaboration follows a comprehensive benchmarking of PETRONAS’ greenfield and mature reservoir practices. The new approach will incorporate multi-scenario probabilistic modeling, supported by AI and machine learning, envisioned to drive greater efficiency and insight,” the company stated.
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