Halliburton awarded Technology Contract in UAE

Halliburton awarded Technology Contract in UAE

Halliburton Company announced the award of Technology contract in UAE, as part of Fourth Quarter 2023 Results. Halliburton, and AIQ, joined with ADNOC to successfully ...

The post Halliburton awarded Technology Contract in UAE appeared first on SaudiGulf Projects.Halliburton Company announced the award of Technology contract in UAE, as part of Fourth Quarter 2023 Results.

Halliburton, and AIQ, joined with ADNOC to successfully launch an AI-enabled Autonomous Well Control solution, RoboWell, across the ADNOC’s North East Bab asset in Abu Dhabi, United Arab Emirates.

The project, which is the first ever AI-supported Advanced Process Control solution for gas lifted wells, enables autonomous wells that can self-adjust to maximize production within specified operating conditions.

The RoboWell system utilizes real time data to continuously react to changing oil field dynamics, and to optimize production processes, as well as ensure operation within safety parameters to minimize well instability and reduce the risk of stoppages or other incidents.

Middle East/Asia revenue in the fourth quarter of 2023 was $1.5 billion, an increase of 7% sequentially. This increase was primarily due to improved activity across multiple product service lines in Kuwait, Saudi Arabia, and Oman, and higher completion tool sales in the United Arab Emirates. Partially offsetting these improvements were