PT Pertamina (Persero), Indonesia's state-owned integrated energy company, has signed a memorandum of understanding (MOU) with Halliburton (HAL) to accelerate the deployment of advanced well construction and stimulation technologies across the country.
Under the agreement, Pertamina and Halliburton will evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, and advanced cementing services. The collaboration also explores the potential application of closed-loop automation and artificial intelligence to enhance drilling and fracturing performance in selected onshore fields.
The MOU expands Halliburton's unconventional completions footprint in Indonesia and highlights the company's collaborative approach to maximizing asset value. It underscores both parties' commitment to leveraging innovation and technology to strengthen Indonesia's energy sector.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.