Petrobras Accelerates Digital Transformation with Halliburton’s iEnergy® Cloud

Rhea-AI Summary

Halliburton (NYSE: HAL) has entered a contract with Petrobras allowing access to the Landmark iEnergy® digital platform. This platform will aid Petrobras in addressing subsurface challenges and supports their exploration and production strategies. The contract includes the DecisionSpace® 365 Geoscience Suite, which offers cloud-based technologies, including Seismic Engine and Assisted Lithology Interpretation, optimizing their data utilization. According to Halliburton, utilizing the iEnergy platform will enhance user experience and reduce the Total Cost of Ownership for Petrobras.

Positive

• Contract with Petrobras to use Landmark iEnergy® digital platform.
• Access to DecisionSpace® 365 Geoscience Suite enhances operational efficiency.
• Utilization of advanced technologies may lower Total Cost of Ownership for Petrobras.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) today announced that Petrobras will use the Landmark iEnergy^® digital platform to address its subsurface challenges. The companies executed a contract that gives Petrobras access to the entire Halliburton Landmark DecisionSpace^® 365 Geoscience Suite including cloud-based, next-generation technologies like Seismic Engine, Scalable Earth Modeling, Assisted Lithology Interpretation, DS365.ai, and Neftex^® Predictions to support its strategic exploration and production programs.

The iEnergy digital platform, which powers DecisionSpace 365 cloud applications, is the E&P industry’s first hybrid cloud designed to deploy, integrate, and manage sophisticated cloud applications. The digital platform contains innovative solutions for geology, geophysics, and engineering in a public cloud, along with high-performance processing and machine learning.

“Use of DecisionSpace 365 on the iEnergy hybrid cloud represents the next step change of user experience and business value for Petrobras while lowering Total Cost of Ownership,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions, and Consulting. “Migrating from on premise and private cloud environments to an enterprise scale geoscience suite in a secure public cloud environment allows geoscientists and engineers at Petrobras to extract more value from their data and make more informed decisions every day.”

“We are confident that new technologies such as iEnergy can accelerate the digital transformation and optimize our exploratory activities,” said Marta Abrão, general manager of Exploration Data and Application Technologies, Petrobras.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005065/en/

Investor Relations Contact

David Coleman

investors@halliburton.com

281-871-2688

Press Contact

Andrew Knotts

pr@halliburton.com

281-871-2601

Source: Halliburton Company

FAQ

What is the recent contract announcement by Halliburton regarding Petrobras?

Halliburton announced a contract with Petrobras to use the Landmark iEnergy® digital platform, which includes access to the DecisionSpace® 365 Geoscience Suite.

How does the iEnergy digital platform benefit Petrobras?

The iEnergy platform aids Petrobras in addressing subsurface challenges and supports their strategic exploration and production programs.

Which technologies are included in Halliburton's contract with Petrobras?

The contract includes technologies such as Seismic Engine, Scalable Earth Modeling, and Assisted Lithology Interpretation.

When was the contract between Halliburton and Petrobras announced?

The contract was announced in a press release dated March 29, 2023.

What is the stock symbol for Halliburton?

Halliburton trades under the stock symbol 'HAL'.