Halliburton Company announced the implementation of the Halliburton Digital Well Program and Digital Well Operation DecisionSpace 365 cloud solutions as the foundation for PETRONAS enterprise digital Well Integrated Operation (WIO).
The Halliburton Digital Well Program empowers drilling teams to generate notional drilling programs in hours. The first part of WIO will focus on integrating the front-end engineering workflows, which will address the current working challenges and increase process cycle efficiency. It provides engineers with a web-based and automated solution that integrates relevant information on a single platform to ensure optimal well design without compromising any existing technical assurance processes.
Halliburton Digital Well Program and Digital Well Operation solutions enable PETRONAS to implement engineering policies and procedures across the technical organization across all types of engineering and operational workflows. Any amendments made at any stage of the processes will be reflected across the organization automatically.
“Digital Well Program, Digital Well Operations and other innovative technologies enable a single pre-integrated platform for drilling engineers to optimize well delivery as well as planning and drilling operation execution,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.
PETRONAS recorded revenue of RM172.1 billion in the first six months ended 30 June 2022, compared to RM109.6 billion in the first half of 2021, mainly due to favourable price impact for major products aligned with higher benchmark prices.
PETRONAS said Profit After Tax (PAT) stood at RM46.4 billion compared to RM18.8 billion previously, in tandem with higher revenue following an upward trend in prices partially offset by higher product costs and taxation.
PETRONAS said capital investments (Capex) reached RM18.9 billion, mainly contributed by Upstream projects. Overall CAPEX spent during the quarter is reflective of the volume of activities returning to pre-pandemic levels.