Halliburton and HoneyWell Collaborate to develop oil and gas software
Halliburton (NYSE: HAL) and Honeywell (NYSE: HON) announced a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators.
The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge, a powerful industrial analytics software solution, to deliver unparalleled insights about oil and gas assets.
Together, the companies bring deep domain expertise in subsurface and surface operations with the latest digital innovations to help operators address operational efficiency, asset productivity and risk across their business. Benefits include:
Maximize asset value by creating a digital twin on an integrated and open architecture that connects and models the supply chain from reservoir to point of sale.
Increase production, minimize OPEX/CAPEX and reduce operational risk by streamlining processes from downhole to surface controls, including digital solutions for improved subsurface insight.
Optimization of total asset and enterprise performance using real-time monitoring and remote operations.
Source: – Halliburton
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