Data & Analytics

Halliburton, Honeywell Team Up To Lower Costs With Software

The companies say they expect the alliance to provide an integrated, open-architecture software platform designed to maximize asset potential.

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Halliburton and Honeywell 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 exploration and production (E&P) cloud applications and Honeywell Forge, an industrial analytics software platform, to deliver insights about oil and gas assets.

“Our alliance will help operators integrate people, processes, and technology across the E&P value chain to maximize asset potential,” said Jeff Miller, chairman, president, and chief executive officer of Halliburton.

The companies list the benefits of their collaboration as

  • Maximized 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
  • Increased production, minimized operational and capital expenditures, and reduced operational risk because of streamlined processes, from downhole to surface controls, including digital solutions for improved subsurface insight
  • Optimized total asset and enterprise performance by use of sing real-time monitoring and remote operations

“The Honeywell and Halliburton collaboration enables our oil and gas customers to make more-informed, data-driven decisions from the field to the board room,” said Darius Adamczyk, chairman and chief executive officer of Honeywell. “Our customers will gain increased visibility into their operations so that they can improve productivity, reduce costs, and enhance worker safety.”