Officials from Halliburton and Resoptima. Credit: Resoptima.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Offshore Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.”