Halliburton has acquired Resoptima, a Norway-based technology company that provides data-driven reservoir management, for an undisclosed sum.

Resoptima provides technology solutions to customers in the oil and gas industry. These solutions allow operators to harness data for reservoir understanding, driving efficiency in oil extraction, resource management and risk mitigation.

The company said it has deployed its solutions at more than 130 active fields globally to improve production volume, predictions and comprehensive assessments of uncertainties and risks.

Halliburton said the acquisition allows integration of Resoptima’s reservoir modelling and predictive analytics into the Halliburton Landmark DecisionSpace 365 suite. Halliburton noted that the DecisionSpace365 and Resoptima solutions will have open architectures and interoperability with third-party software.

The DecisionSpace 365 is a software-as-a-service on open subsurface data universe (OSDU Data Platform). It is designed to provide low latency, high throughput and self-cleaning solutions for ingesting large data quantities from a variety of sources into the OSDU Data Platform.

Landmark, Halliburton Digital Solutions and Consulting senior vice-president Nagaraj Srinivasan said: “The combination of Resoptima’s best-in-class reservoir engineering and science with Landmark’s leadership in geology and drilling allows Halliburton to offer unique and innovative solutions that enhance exploration success and reservoir recovery.”

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Resoptima’s former CEO, Atila Mellilo, said: “Oil and gas remain integral to global energy supply. To ensure the industry continues to evolve, we must focus on technologies that promote highly efficient production processes.

“The vision we share with Halliburton [and] Landmark of a unified ensemble modelling approach will allow us to drive innovation, deliver increasing value to our customers and expand our market reach.”