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Halliburton acquires Norwegian tech company to enable DecisionSpace 365 reservoir modeling, optimization


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Halliburton acquires Norwegian tech company to enable DecisionSpace 365 reservoir modeling, optimization

Business

Category: Business News

(WO) – Halliburton Company has acquired Resoptima AS, a Norwegian technology company that specializes in data-driven reservoir management. This strategic acquisition will integrate the industry-leading reservoir modeling 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.

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Source: WorldOil