US-based Halliburton Company has been awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for its North Kuwait asset.

It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace365, a cloud-based subscription service for E&P applications.

Built on an open architecture, DecisionSpace 365 will help KOC engineers’ model, optimize and deploy intelligent work processes to plan, forecast and optimize production and asset operations. The open architecture integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.

“We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.

“By using  cloud computing,  IoT  and  real-time  technologies  to  drive  new  ways  of  working, we  can  improve production planning, scheduling and enable virtual and autonomous reservoir optimization.” – TradeArabia News Service