PVEP, Halliburton Landmark cooperate in oil & gas exploration
The PetroVietnam Exploration Production Corporation (PVEP) and Landmark Software Services of Halliburton, a US multinational corporation, signed a memorandum of understanding (MoU) on cooperation in oil and gas exploration and exploitation.
Hanoi (VNA) – The PetroVietnamExploration Production Corporation (PVEP) and Landmark Software Services of Halliburton,a US multinational corporation, signed a memorandum of understanding (MoU) on cooperationin oil and gas exploration and exploitation.
The signing ofthe MoU aims to share knowledge in using advanced analysis technology Big Dataand data science to contribute to improving effectiveness in oil and gasexploration and exploitation.
It also allowsexperts of both sides to exchange experience in order to use and analyse datascientifically.
The MoU will help PVEP and Landmark increase mutual support in case of marketfluctuations.
The two sides will first organise conferences to determine key zones for dataanalysis to reduce drilling cost, share experience to create professional datamodels for PVEP and build procedures for data use in upcoming time.
Halliburton Landmark has provided geographic drilling software for almost alloil and gas contractors in Vietnam, including PVEP and its member units. It nowcontinues to develop the most modern technologies to be applied in this fi𝐆eld.-VNA
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Illustrative image (Source: VNA)
