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Halliburton Well Construction Technology Implemented by PETRONAS

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Halliburton Company (NYSE: HAL) has launched the Halliburton Digital Well Program and Digital Well Operation DecisionSpace® 365 solutions for PETRONAS' Integrated Operation. This initiative concludes a two-year technology evaluation. The Digital Well Program allows rapid generation of feasible drilling programs and enhances engineering workflows, boosting efficiency. The solutions provide a unified platform for project management from well planning to delivery, ensuring all changes are automatically updated across the organization.

Positive
  • Launch of Halliburton Digital Well Program enhances operational efficiency.
  • Selection by PETRONAS indicates trust in Halliburton's technology after a two-year assessment.
  • Unified platform improves workflow integration and project management.
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  • None.

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) today 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 selection marks the culmination of a two-year technology assessment with multiple technology providers.

The Halliburton Digital Well Program empowers drilling teams to generate technically and economically feasible notional drilling programs in a matter of 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, interactive, standardized, and automated solution that integrates all relevant information on a single platform to ensure optimal well design without compromising any existing technical assurance processes.

The Halliburton Digital Well Program and Digital Well Operation solutions enables a comprehensive overview from project inception of well planning and development to well delivery. These solutions encompass well program tasks for each stage, in which the result is a unified environment across all types of engineering and operational workflows that enables the business to implement engineering policies and procedures across the technical organization. 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.

ABOUT HALLIBURTON

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 45,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Halliburton

For Investors:

David Coleman

Investor Relations

investors@halliburton.com

281-871-2688

For News Media:

Andrew Knotts

External Affairs

pr@halliburton.com

281-871-2601

Source: Halliburton Company

FAQ

What is the Halliburton Digital Well Program?

The Halliburton Digital Well Program is a solution that allows drilling teams to create technically and economically feasible drilling programs quickly.

Which company has partnered with Halliburton for the Digital Well Program?

Halliburton has partnered with PETRONAS for the implementation of the Digital Well Program.

How does the Digital Well Program impact engineering workflows?

The Digital Well Program integrates various engineering workflows, improving process efficiency and ensuring optimal well design.

What is the stock symbol for Halliburton?

The stock symbol for Halliburton is HAL.

When was the Halliburton Digital Well Program launched?

The Halliburton Digital Well Program was announced on the date of the press release.

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Oil & Gas Equipment & Services
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