Halliburton and Honeywell have formed a partnership

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Halliburton and Honeywell have teamed up the best of their technologies, people and process to fundamentally transform hydrocarbon recovery and asset performance by creating a true surface/subsurface digital twin that comprehensively integrates the entire value chain.

Hydrocarbon recovery is a labor-intensive process that is requiring increasing levels of capital investment and subject to escalating operational costs.

The fourth industrial revolution has given rise to new digital technologies, IoT, cloud computing and AI/ML and is changing the face of all industries…. the energy industry included. If the E&P industry is to remain a reliable and cost effective source of energy, we must transform our recovery operations by riding the Industry 4.0 wave that is sweeping across our industry.

More at https://www.reservoirrecovery.com/

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