Halliburton, a leader in the oil and gas industry, continues to develop its digital tools for well planning and execution with the acquisition of Keystone AS, a software company based in Norway. This acquisition allows Halliburton to add an AI-driven digital workflow to its Landmark software portfolio and connect well planning processes with execution at the drilling site.
Details of Keystone AS Technology
The software from Keystone AS encompasses all stages of the well lifecycle, including well planning and engineering, drilling operations, logistics, equipment management, and reporting. The company's main products include SmartHUB, which acts as an integration layer; OPEN, which is a digital workflow for well planning and execution; and RMS, which is a drilling management and execution platform. Halliburton has stated that this technology will enhance the existing Landmark digital well program and Agile asset management offerings.
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Implications of the Keystone AS Acquisition
Tony Antoun, Senior Vice President of Halliburton Landmark, commented on the acquisition, saying, "The proven technology of Keystone strengthens the delivery of integrated digital workflows that connect well plans with execution." He added that this acquisition enhances Landmark's "Open by Design" approach in connecting applications within customers' digital ecosystems.
This acquisition overall enables Halliburton to leverage data, science, and artificial intelligence to automate workflows, improve decision-making, and optimize well construction. This approach could help reduce costs and increase efficiency in drilling operations.
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