PT Pertamina (Persero), Indonesia锟絪 state-owned integrated energy company, and Halliburton (NYSE: HAL) signed a memorandum of understanding (MOU) to accelerate the deployment of advanced well construction and stimulation technologies in Indonesia. Under this MOU, Pertamina and Halliburton intend to evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, advanced cementing services, as well as the potential application of closed-loop automation and artificial intelligence capabilities to improve drilling and fracturing performance in selected onshore fields.
锟絋he cooperation forms an integral part of Pertamina锟絪 sustainable transformation of upstream production, increasing national lifting and ensuring reliable energy supply,锟� said Simon A. Mantiri, President Director of PT Pertamina. 锟絎ith the support of advanced technology and global expertise, we are confident that mature fields can be revitalized and optimized to unlock their full potential, enabling the fields to, once again, be productive and contribute to national energy production.锟�
锟紿alliburton integrates proven unconventional methodologies with localized reservoir insights to improve performance, strengthen local capabilities, and deliver technology-based solutions that maximize asset value for our customers,锟� said Martin White, senior vice president, Asia Pacific, Halliburton. 锟絆ur team brings global experience to local field operations to improve stimulation effectiveness and optimize production.锟�
The MOU expands Halliburton锟絪 unconventional completions footprint in Indonesia and emphasizes how the company锟絪 collaborative approach maximizes asset value.