Halliburton and Honeywell Collaborate to Improve Asset Productivity From Reservoir to Point of Sale
10 August 2020 - 8:00PM
Business Wire
Alliance provides integrated, open architecture
software to maximize asset potential
Halliburton (NYSE: HAL) and Honeywell (NYSE: HON) today
announced a collaboration to maximize asset potential, reduce
execution risk and lower the total cost of ownership for oil and
gas operators. The collaboration will leverage Halliburton
Landmark’s DecisionSpace® 365 E&P cloud applications and
Honeywell Forge, a powerful industrial analytics software solution,
to deliver unparalleled insights about oil and gas assets.
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Together, the companies bring deep domain expertise in
subsurface and surface operations with the latest digital
innovations to help operators address operational efficiency, asset
productivity and risk across their business. Benefits include:
- Maximize asset value by creating a digital twin on an
integrated and open architecture that connects and models the
supply chain from reservoir to point of sale.
- Increase production, minimize OPEX/CAPEX and reduce operational
risk by streamlining processes from downhole to surface controls,
including digital solutions for improved subsurface insight.
- Optimization of total asset and enterprise performance using
real-time monitoring and remote operations.
“We look forward to working with Honeywell to co-innovate and
deliver unique digital solutions for our customers that increase
asset productivity and lower operating costs,” said Jeff Miller,
chairman, president and chief executive officer of Halliburton.
“Our alliance will help operators integrate people, processes and
technology across the E&P value chain to maximize asset
potential.”
“The Honeywell and Halliburton collaboration enables our oil and
gas customers to make more informed, data-driven decisions from the
field to the board room,” said Darius Adamczyk, chairman and chief
executive officer of Honeywell. “Our customers will gain increased
visibility into their operations so that they can improve
productivity, reduce costs and enhance worker safety.”
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
approximately 40,000 employees, representing 140 nationalities in
more than 80 countries, the company helps its customers maximize
value throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
company’s website at www.halliburton.com. Connect with Halliburton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry-specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help aircraft, buildings, manufacturing plants, supply chains, and
workers become more connected to make our world smarter, safer, and
more sustainable. For more news and information on Honeywell,
please visit www.honeywell.com/newsroom.
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For Halliburton
Investors: Abu Zeya Halliburton, Investor Relations
Investors@Halliburton.com 281-871-2633
Media: William Fitzgerald Halliburton, External Affairs
PR@Halliburton.com 713-876-0105
For Honeywell
Mark Bendza Honeywell, Investor Relations
Mark.Bendza@honeywell.com 704-627-6190
Blake Herbert Honeywell, External Communications
Blake.Herbert@honeywell.com 803-835-8230
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