Pertamina and Halliburton sign fracturing technology MOU

PT Pertamina (Persero), Indonesia's state-owned integrated energy company, and Halliburton (NYSE: HAL) signed a memorandum of understanding to deploy advanced well construction and stimulation technologies in Indonesia.

Under the agreement, the companies will evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, and advanced cementing services in selected onshore fields, they said in a press release on Sunday.

The collaboration also includes potential application of closed-loop automation and artificial intelligence capabilities to improve drilling and fracturing performance.

"The cooperation forms an integral part of Pertamina's sustainable transformation of upstream production, increasing national lifting and ensuring reliable energy supply," said Simon A. Mantiri, President Director of PT Pertamina.

Martin White, senior vice president for Asia Pacific at Halliburton, said the company "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."

The agreement aims to revitalize mature oil fields through advanced technology applications. Halliburton provides energy services and technology globally, while Pertamina operates as Indonesia's national oil company.

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