Business

PVEP, Halliburton Landmark cooperate in oil & gas exploration

The PetroVietnam Exploration Production Corporation (PVEP) and Landmark Software Services of Halliburton, a US multinational corporation, signed a memorandum of understanding (MoU) on cooperation in oil and gas exploration and exploitation.
PVEP, Halliburton Landmark cooperate in oil & gas exploration ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The PetroVietnamExploration Production Corporation (PVEP) and Landmark Software Services of Halliburton,a US multinational corporation, signed a memorandum of understanding (MoU) on cooperationin oil and gas exploration and exploitation.

The signing ofthe MoU aims to share knowledge in using advanced analysis technology Big Dataand data science to contribute to improving effectiveness in oil and gasexploration and exploitation.


It also allowsexperts of both sides to exchange experience in order to use and analyse datascientifically.

The MoU will help PVEP and Landmark increase mutual support in case of marketfluctuations.

The two sides will first organise conferences to determine key zones for dataanalysis to reduce drilling cost, share experience to create professional datamodels for PVEP and build procedures for data use in upcoming time.

Halliburton Landmark has provided geographic drilling software for almost alloil and gas contractors in Vietnam, including PVEP and its member units. It nowcontinues to develop the most modern technologies to be applied in this field.-VNA

VNA
#PVEP#Halliburton
Follow VietnamPlus

Related News

PVEP exceeds six-month oil exploitation goal

PVEP exceeds six-month oil exploitation goal

The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.8 million tonnes of oil equivalent in the first half of 2015, representing 101 percent of the six-month target and 48 percent of the annual plan.
PetroVietnam develops gas extraction

PetroVietnam develops gas extraction

The PetroVietnam Exploration Production Corporation is actively developing a number of gas projects with the aim of extracting the first flows of gas at Su Tu Trang field and at Dai Hung field.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.