PTTER Thailand awards Halliburton digital contract

PPTER Thailand awards Halliburton

PTTEP Thailand awards Halliburton a contract to design and implement a series of digital transformation projects as part of PTTEP’s advanced production excellence (APEX) initiative. APEX will improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North and the Myanmar Zawtika Field. The contract was awarded on August 18.

Landmark, a Halliburton business line, 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, a powerful analytics software solution providing real-time data and visual intelligence, so PTTEP can implement more productive and efficient work processes.

Using advanced physics-based and data science models, the solution includes modeling of 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,” Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions, said. “Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses and maximize the value of the operator’s portfolio.”

PTTER Thailand awards Halliburton the digital contract at an important time. In May of this year, PTTEP and its joint venture partners announced two successful deep-water oil discoveries in Block 29, offshore Mexico, with good quality reservoirs. Commercial potential of the new discovery will be assessed in the next phase.

Phongsthorn Thavisin, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP Mexico E&P Limited, S. de R.L. de C.V., a wholly-owned subsidiary of PTTEP, together with its consortium announced successful discoveries with two exploration wells in Block 29 located in the Salina Basin, offshore Mexico.

A company press release noted that the first exploration well, “Polok-1”, was drilled to a depth of 2,620 meters and encountered approximately 200 meters of net oil pay, followed by the second exploration well, “Chinwol-1”, which was drilled to a depth of 1,850 meters and encountered net oil pay approximately 150 meters. Both exploration wells show promising high potential. Together with its joint venture partners, PTTEP will be working on obtaining approval from the Mexican regulators and preparing appraisal as well as further development plans.

The Polok-1 and Chinwol-1 wells are located in water depths of 583 meters and 464 meters, respectively. The two wells are around 88 kilometers from the Mexican coastline of Tabasco. The joint venture partners of this project are comprised of PTTEP Mexico E&P Limited, S. de R.L. de C.V. with 16.67% interest, Repsol Exploración México, S.A. de C.V. (Operator) with 30% interest, PC Carigali Mexico Operations, S.A. de C.V. which is the Mexican subsidiary of PETRONAS with 28.33% interest, and Wintershall Dea with 25% interest.

PTTEP invested in the Mexico since 2018, following the company’s strategic move to expand its investment in petroleum prolific areas. PTTEP currently holds two exploration blocks in Offshore Mexico; Block 29 and Block 12 where it has also carried out exploration activities.