Hess Selects Halliburton Well Construction Suite to Implement Digital Wells

Rhea-AI Summary

Halliburton Company (NYSE: HAL) announced that Hess Corporation (NYSE: HES) selected its DecisionSpace® 365 Well Construction applications, powered by iEnergy® Hybrid Cloud, for more efficient well planning and construction. The applications create a digital twin of the well construction process, enabling real-time collaboration between operators and service providers. Hess aims to enhance operational performance sustainably while reducing costs. Halliburton's technology integrates artificial intelligence and machine learning for better oversight across the well construction lifecycle.

Positive

• Hess has chosen Halliburton's advanced technology for well construction, indicating strong partnership potential.
• DecisionSpace 365 applications enhance operational efficiency through real-time collaboration.
• Utilization of AI/ML for predictive drilling analytics improves oversight across the well construction lifecycle.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) today announced that Hess Corporation (NYSE: HES) has selected Halliburton Landmark’s DecisionSpace^® 365 Well Construction applications powered by iEnergy^® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells.

DecisionSpace 365 applications empower an agile enterprise and bring planning, design, and operations together to create a digital twin of the well construction process. The applications provide operators real time and efficient collaboration with oilfield service providers and drilling contractors.

“Hess is using advanced technology to elevate our operational performance and do that sustainably,” said Richard Lynch, SVP, Technology and Services at Hess. “We look forward to applying this solution to help reduce well costs and optimize our digital workflow.”

With DecisionSpace 365 powered by iEnergy hybrid cloud, Hess can leverage predictive drilling analytics using artificial intelligence (AI)/machine learning (ML) and gain comprehensive oversight across the entire well construction lifecycle.

“Our Landmark technology provides an open and agnostic platform that enables automation using AI/ML and integrates seamlessly with third-party systems throughout drilling plan, design and execute workflows,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting. “We are excited to collaborate with Hess to help increase shared access to enterprise knowledge and cross-team collaboration, which will positively impact their digital workflows.”

ABOUT HALLIBURTON

Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on Facebook, Twitter, LinkedIn, Instagram and YouTube.

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Investor Relations Contact:

David Coleman

investors@halliburton.com

281-871-2688

Press Contact:

Andrew Knotts

pr@halliburton.com

281-871-2601

Source: Halliburton Company