Halliburton Company has announced that it has secured a major contract from Kuwait Oil Company (KOC) to expand its digital transformation journey by implementing solutions to maximise operational efficiency and increase production.

One of the world's largest providers of products and services to the energy industry, Halliburton said the scope of work includes all Kuwait fields including West Kuwait, South and East Kuwait, and Heavy Oil, complementing a recently awarded contract for similar services in North Kuwait.

As per the deal, the US group will collaborate with KOC to accelerate their data-to-decisions cycle by implementing automated work processes and digital twins across its major assets.

The solutions will leverage DecisionSpace 365, Halliburtons cloud-based subscription service for E&P applications, to automate work processes to accurately plan, forecast, and optimize production throughout the KOC portfolio, said the statement from Halliburton.

Built on an open architecture, the service integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery, it stated.

"This award signifies our strong relationship with KOC as we collaborate and innovate across their company-wide digital transformation initiatives," remarked Nagaraj Srinivasan, the Senior VP of Landmark, Halliburton Digital Solutions and Consulting.

"This contract further demonstrates Halliburtons strategic priority to accelerate the adoption of our digital services. Our software and consulting services will support KOC to optimize their assets, reduce production costs and increase recovery," he added.-TradeArabia News Service

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