Feb 23, 2026 (MarketLine via COMTEX) --
The companies will assess multi-stage fracturing, acid stimulation and cementing technologies for selected onshore oil and gas fields.
Pertamina and US-based oil service company Halliburton have entered into a memorandum of understanding (MoU) to assess the introduction of new well construction and stimulation technologies in Indonesia.
The agreement will see the Indonesian state-owned energy company and Halliburton evaluate multi-stage hydraulic fracturing, acid stimulation and advanced cementing services for use in selected onshore fields.
The partnership also covers the potential application of automation systems and AI to improve drilling and fracturing processes.
Pertamina president director Simon Mantiri said: aEURoeThe cooperation forms an integral part of PertaminaaEUR(TM)s sustainable transformation of upstream production, increasing national lifting and ensuring reliable energy supply.
aEURoeWith the support of advanced technology and global expertise, we are confident that mature fields can be revitalised and optimised to unlock their full potential, enabling the fields to, once again, be productive and contribute to national energy production.aEUR
Halliburton aims to address operational efficiency, cost management and production output through various technology platforms. Its solutions include developments in digital integration, drill bit design, drilling fluids, directional drilling tools, measurement services and separation systems, all intended to help operators achieve total well depth efficiently.
The company offers project management and digital programmes designed to streamline rig activity, support safety measures and reduce ownership costs across project life cycles.
Among HalliburtonaEUR(TM)s offerings is DecisionSpace 365 and LOGIX automation and remote operations systems, which support the planning and execution of well construction while aiming for reliability and operational efficiency.
Its Digital Well Programme provides cloud-based access to applications that consolidate well planning data and facilitate project collaboration. Remote operations further aim to decrease the requirement for on-site personnel, supporting safety protocols while attempting to limit exposure to hazards.
The iStar intelligent drilling and logging platform is another technology underlined by Halliburton for its ability to deliver real-time data streaming, precision in wellbore placement and resistivity measurements essential for optimising reservoir evaluation. The platform incorporates automation features and AI intended to improve productivity and minimise unplanned downtime.
Halliburton Asia-Pacific senior vice-president Martin White said: aEURoeHalliburton integrates proven unconventional methodologies with localised reservoir insights to improve performance, strengthen local capabilities and deliver technology-based solutions that maximise asset value for our customers.
aEURoeOur team brings global experience to local field operations to improve stimulation effectiveness and optimise production.aEUR
In addition to the MoU signed in Indonesia, Halliburton recently launched an initiative with SingaporeaEUR(TM)s Agency for Science, Technology and Research named the Next-Generation Energy Xccelerator Joint Lab (NEX Lab).
Supported by the Singapore Economic Development Board, this S$35m ($27.7m) project is designed as a collaborative centre for research, engineering, prototyping and validation of advanced well completion technologies.
NEX Lab aims to move early-stage innovations towards field deployment by integrating global technical expertise with local research capabilities. The programme is expected to increase demand for technical specialists within SingaporeaEUR(TM)s energy sector.
Last month, Halliburton reported net income of $589m, or $0.7 per diluted share, for the fourth quarter of 2025, a 4.2% decrease from $615m in the same period the previous year.
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COMTEX_477134225/2227/2026-04-12T20:43:36
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