US oilfield services company Halliburton and Indonesia's state-owned energy company Pertamina have signed a memorandum of understanding (MoU) to collaborate on deploying advanced technologies in selected onshore fields in Indonesia.

Scope of Collaboration

The partnership will focus on advanced well construction and stimulation technologies. Specific areas of potential cooperation include multi-stage hydraulic fracturing, acid stimulation, advanced cementing services, and the application of closed-loop automation and artificial intelligence capabilities. This agreement expands Halliburton's unconventional completions operations in the country.

Strategic Objectives

For Pertamina, the cooperation aligns with its goals of increasing national oil production and ensuring a reliable energy supply through the revitalization and optimization of mature fields. The national news agency reported the MoU is expected to accelerate enhanced oil recovery (EOR) and other efficient, sustainable drilling solutions, supporting Indonesia's aim to produce 1 million barrels of oil per day by 2029.

Context and Related Activities

Halliburton is already active in Indonesia's geothermal sector, part of its low-carbon solutions portfolio. Separately, Pertamina affiliate Pertamina Hulu Rokan (PHR) launched a Chemical Enhanced Oil Recovery (CEOR) project at the mature Minas field in December. PHR targets an incremental recovery of 12% to 16% of the original oil in place, aiming for about 70,000 barrels per day by 2030, with plans to expand CEOR to other areas within the Rokan block.

Current Status

The specific onshore fields for technology deployment were not disclosed. A Halliburton spokesperson indicated the official statement currently represents the full extent of the available details regarding the MoU.