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Halliburton take steps towards further exploration and reservoir recovery

Published by , Editorial Assistant
Oilfield Technology,

Halliburton Company has announced it has acquired Resoptima AS, a Norwegian technology company that specialises in data-driven reservoir management. This strategic acquisition will integrate the industry-leading reservoir modelling and predictive analytics of Resoptima into the Halliburton Landmark DecisionSpace 365 suite.

Resoptima provides technology solutions that enhance oil and gas operators’ ability to harness data for reservoir understanding, driving efficiency in oil extraction, resource management, and risk mitigation. To date, more than 130 active fields globally have benefited from Resoptima’s technology, enjoying improved production volume predictions and comprehensive assessments of uncertainties and risks.

Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions, and Consulting, said: “The combination of Resoptima’s reservoir engineering and science with Landmark’s leadership in geology and drilling allows Halliburton to offer unique and innovative solutions that enhance exploration success and reservoir recovery.”

Launched in 2013 and developed with input from dozens of customers, Resoptima’s software helps increase reservoir recovery factors and deliver cost savings on reservoir intervention projects by preventing costly mistakes like underperforming well drilling and unnecessary injection volumes.

Atila Mellilo, the former CEO of Resoptima who joins the Halliburton Landmark leadership team, said: “Oil and gas remain integral to global energy supply. To ensure the industry continues to evolve, we must focus on technologies that promote highly efficient production processes. The vision we share with Halliburton Landmark of a unified ensemble modelling approach will allow us to drive innovation, deliver increasing value to our customers, and expand our market reach."

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