Egyptian petroleum producer Petrobel is deploying innovative private cloud technology as part of its digital transformation strategy.
In partnership with Halliburton Company, a veteran supplier of services to the global energy sector, Petrobel will be using iEnergy Stack, Halliburton’s on-prem cloud solution, to manage petrotechnical software applications. The solution will help to accelerate interpretation workflows, especially ones involving large data sets, as well as enable agile and collaborative exploration and production (E&P) projects. The idea is to reduce total the cost of ownership and complexity of managing the wide variety of applications that Petrobel relies on.
Petrobel said that building a private cloud infrastructure is a first step in its push to digitize, as well as a critical part of meeting Egypt’s data residency requirements. Data residency law requires data about a nation’s citizens to be collected, processed, and stored inside the country, making a public cloud model difficult or impossible to implement.
“Halliburton continues to advance computing to accelerate the digital journey and lower total cost of ownership for our customers,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting. “We look forward to working with Petrobel to improve their efficiency and maximize asset value by optimizing their E&P infrastructure.”
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company is involved with a range of activities from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion.
Image courtesy of World Oil.