Halliburton Company announced a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and production (E&P) activities. The software as a service enables users to load, ingest, manage and access log, well and other E&P data across different locations for greater efficiency and productivity throughout Repsol’s asset portfolio.

As exploration and production challenges intensify, operators need to generate insights to enhance performance from existing data. Effectively managing E&P data through a comprehensive, cloud solution drives greater communication, accuracy and consistency so operators can make better-informed decisions. Repsol will implement the cloud solution for simultaneous access and management across ten global locations during the contract’s first year with additional locations to follow. DecisionSpace® 365 Data Foundation supports data residency and integrates with applications and data on premise.

“The cloud simplifies and lowers the cost of managing information across the well lifecycle and DecisionSpace 365® Data Foundation provides true collaboration by making the same data available in context at the right time,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “We look forward to working with Repsol to deliver a data management solution using the cloud that maximizes the value of their assets.”

About Halliburton

Founded in 1919, Halliburton (NYSE: HAL) celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With 60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.

About Repsol

Repsol is a global energy company present throughout the whole energy value chain. The company has upstream activity in 25 countries, produces 715,000 barrels of oil equivalent per day and has one of the most efficient refining systems in Europe. Repsol also operates low-emissions electricity generation assets, including photovoltaic and offshore wind power projects, and it is pioneering development of mobility initiatives to build new solutions and provide enhanced energy sources for transportation. Repsol is present in the United States since 2006. As of December 31, 2018, the company had 559 employees working in the country, owned mineral rights to a total net surface area of 3,111 Km2 and accounted for a net production of 113,539 barrels of oil equivalent per day. Net proved reserves in the United States amounted to 419.2 million barrels of oil equivalent.