PT Pertamina (Persero), Indonesia’s state-owned integrated energy company, and Halliburton (NYSE: HAL), a global leader in energy services and technology, signed a memorandum of understanding (MOU) to accelerate the deployment of advanced well construction and stimulation technologies in Indonesia. Under this MOU, Pertamina and Halliburton intend to evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, advanced cementing services, as well as the potential application of closed-loop automation and artificial intelligence capabilities to improve drilling and fracturing performance in selected onshore fields.

Simon A. Mantiri, President Director of PT Pertamina:
The cooperation forms an integral part of Pertamina’s sustainable transformation of upstream production, increasing national lifting and ensuring reliable energy supply. With the support of advanced technology and global expertise, we are confident that mature fields can be revitalized and optimized to unlock their full potential, enabling the fields to, once again, be productive and contribute to national energy production.

“Halliburton integrates proven unconventional methodologies with localized reservoir insights to improve performance, strengthen local capabilities, and deliver technology-based solutions that maximize asset value for our customers,” said Martin White, senior vice president, Asia Pacific, Halliburton. “Our team brings global experience to local field operations to improve stimulation effectiveness and optimize production.”

The MOU expands Halliburton’s unconventional completions footprint in Indonesia and emphasizes how the company’s collaborative approach maximizes asset value.

About Halliburton

Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future.

About Pertamina (Persero)

Pertamina has strong commitment to providing energy and developing new and renewable energy in order to sustain the national energy security and self-sufficiency. As a holding company in energy sector officially announced by the Indonesian Ministry of SOEs on June 12th, 2020, Pertamina now plays a strategic role in leading its six Sub-holdings which includes Upstream Subholding whose operation is placed under PT Pertamina Hulu Energi, Gas Subholding which is operated under PT Pertamina Gas Negara, Refinery & Petrochemical Subholding which is operated under PT Kilang Pertamina Internasional, Power & NRE Subholding managed under PT Pertamina Power Indonesia, Commercial & Trading Subholding operated under PT Patra Niaga, as well as Integrated Marine Logistics Subholding operated under PT Pertamina International Shipping.