PTTEP, Thailand’s national petroleum exploration and production company, signed a contract with Halliburton to design and implement a series of digital transformation projects as part of PTTEP’s Advanced Production Excellence (APEX) Initiative. APEX aims to improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North, and the Myanmar Zawtika Field.
Halliburton’s Landmark business segment will deploy its DecisionSpace Production Suite in the cloud to improve production operations from the subsurface to processing facilities. The DecisionSpace Enterprise Platform will integrate with Honeywell Forge, an analytics software solution providing real-time data and visual intelligence.
Using advanced physics-based and data science models, the solution models surface and subsurface components to manage and optimize operations from the wells to the point of delivery. This includes short-term production planning and optimization, flow assurance monitoring and control, sand production monitoring and control, condensate stabilization optimization, CO2 membrane optimization, fuel gas optimization, and processing facilities performance monitoring and analysis.
“We look forward to collaborating with Honeywell to support PTTEP on its digital transformation journey,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses and maximize the value of the operator’s portfolio.”