Halliburton, one of the world’s largest international oil field service companies, has been awarded a contract by PTTEP, a national petroleum exploration and production company in Thailand, to design and implement a series of digital transformation projects in Thailand, according to a press release.
The awarding of the contract to Halliburton is part of PTTEP’s Advanced Production Excellence (APEX) Initiative. The digital technologies will be used to improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North and the Myanmar Zawtika Field.
Landmark, a subsidiary of Halliburton, will deploy its DecisionSpace Production Suite in the cloud to improve production operations from the subsurface to processing facilities. This technology will be coupled with Honeywell Forge, an analytics software solution providing real-time data and visual intelligence, so that PTTEP can implement more productive and efficient work processes.
It is expected that by implementing this digital transformation, the following areas will improve in operational efficiency: 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.