Abdul Rahman
1 min read
In This Article:
Halliburton Company (NYSE:HAL) is one of Goldman Sachs’ top energy stock picks. On June 19, the company inked a strategic collaboration with Petronas Carigali Sdn. Bhd. The two are joining forces to advance subsurface modeling and reservoir management.
An oil and gas crew working on a midstream pipeline, illuminated against a dusk sunlit sky.
Petronas Carigali Sdn. Bhd. is to deploy Halliburton Landmark’s DecisionSpace 365 Geosciences Suite and Unified Ensemble Modeling solutions to enhance exploration and development workflows and accelerate time to first oil. The technologies should allow Petronas Carigali Sdn. Bhd. Exploration and asset teams collaborate more effectively and in real time, thereby achieving accurate reserve estimations through ensemble modeling.
The Unified Ensemble Modeling solution is designed to automate the generation of multiple probabilistic geological scenarios. Therefore, it’s able to enhance forecast precision and accelerate scenario analysis.
Halliburton Company (NYSE:HAL) offers a diverse range of products and services to the energy industry. It’s specifically focused on oil and gas exploration, development, and production. It also offers solutions throughout the entire lifecycle of a reservoir, from initial geological data and drilling to well construction and production optimization.
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Disclosure: None.
