Indonesia's state-owned oil and gas company, Pertamina, has signed a memorandum of understanding with the American oilfield services company Halliburton to collaborate on assessing the application of new drilling technologies in Indonesia. This partnership aims to introduce advanced well construction and stimulation methods to enhance oil field production and operational efficiency.
According to the agreement, the two companies will evaluate the feasibility of multistage hydraulic fracturing, acid fracturing stimulation, and advanced cementing services in selected onshore oil fields. The collaboration also covers the potential application of automation systems and artificial intelligence in drilling and fracturing processes to optimize operational workflows.
Pertamina President Director Simon Mantiri stated, "This collaboration is a key part of the sustainable transformation of our upstream production, helping to increase national output and ensure stable energy supply. Leveraging advanced technology and global expertise, we have the potential to revitalize mature oil fields, unlock their potential, and contribute to the nation's energy production."
Halliburton focuses on addressing operational efficiency, cost control, and production enhancement through its technology platforms. Its solutions include digital integration, bit design, drilling fluid optimization, directional drilling tools, and measurement services, aimed at helping operators efficiently achieve drilling objectives. The company also offers project management and digital programs to streamline rig activities, enhance safety measures, and reduce lifecycle costs.
Halliburton's products such as DecisionSpace 365 and the LOGIX automation system support the planning and execution of well construction, pursuing reliability and operational efficiency. Its digital well program integrates well planning data through cloud-based applications, facilitating project collaboration. Remote operations technology is designed to reduce on-site personnel requirements, support safety protocols, and mitigate risk exposure.
The iStar intelligent drilling and logging platform is another key technology from Halliburton, providing real-time data streaming, precise wellbore positioning, and resistivity measurements, which are crucial for optimizing reservoir evaluation. The platform integrates automation capabilities and artificial intelligence to boost productivity and reduce unplanned downtime.
Martin White, Senior Vice President of Halliburton Asia Pacific, said, "We combine proven unconventional methods with local reservoir insights to enhance performance, build local capabilities, and deliver technology solutions that maximize the value of our customers' assets. Our teams apply global experience to local field operations to improve stimulation results and optimize production."
In addition to the collaboration in Indonesia, Halliburton recently launched the "Next-Generation Energy Accelerator Joint Laboratory" (NEX Lab) initiative with Singapore's Agency for Science, Technology and Research (A*STAR). Supported by Singapore's Economic Development Board with a budget of SGD 35 million (approximately USD 27.7 million), this project aims to serve as a collaborative hub for research, engineering, prototyping, and validation of advanced completion technologies. The NEX Lab plans to integrate global technical expertise with local research capabilities to accelerate the transition of early-stage innovations to field deployment and is expected to increase demand for technical experts in Singapore's energy sector.
Last month, Halliburton reported a net profit of USD 589 million, or diluted earnings per share of USD 0.70, for the fourth quarter of 2025, a decrease of 4.2% compared to the same period last year.
