Halliburton partners with Petronas to enhance oil exploration through advanced subsurface modeling.

From Yahoo Finance: 2025-06-28 13:24:00

Halliburton Company (NYSE:HAL) is identified as one of Goldman Sachs’ top energy stock picks, solidifying its position in the industry. The company recently entered a strategic collaboration with Petronas Carigali Sdn. Bhd. to advance subsurface modeling and reservoir management, enhancing oil exploration efforts.

Petronas Carigali Sdn. Bhd. plans to utilize Halliburton Landmark’s DecisionSpace 365 Geosciences Suite and Unified Ensemble Modeling solutions to improve exploration and development workflows, with the goal of accelerating time to first oil. These technologies will enable effective collaboration among teams, leading to precise reserve estimations through ensemble modeling.

The Unified Ensemble Modeling solution by Halliburton is specifically designed to automate the generation of multiple probabilistic geological scenarios, ultimately enhancing forecast accuracy and expediting scenario analysis. This innovation is set to revolutionize the oil and gas exploration and production process for the better.

Halliburton Company (NYSE:HAL) offers a comprehensive range of products and services tailored to the energy industry, with a specific focus on oil and gas exploration, development, and production. Its solutions cover the entire reservoir lifecycle, from initial geological data to production optimization, showcasing its expertise in the field.

While Halliburton shows promise as an investment opportunity, other AI stocks may offer greater upside potential with less downside risk. For those seeking undervalued AI stocks that can benefit from current economic trends, exploring alternative investment options might be worthwhile.

Read more: Halliburton (HAL) Partners with Petronas to Advance Subsurface Modeling and Oil Exploration