Halliburton (HAL), Pertamina Sign Strategic MOU to Advance Indonesian Unconventional Energy

Halliburton Company (NYSE:HAL) is one of the cheap energy stocks to buy right now. On February 22, PT Pertamina (Persero) and Halliburton entered into a strategic memorandum of understanding/MOU to accelerate the development of unconventional energy resources in Indonesia. This partnership focuses on deploying advanced well construction and stimulation technologies, specifically targeting multi-stage hydraulic fracturing and acid stimulation.

The collaboration aims to revitalize mature onshore fields and optimize their production potential to support Indonesia’s national energy supply. A key highlight of the agreement is the integration of cutting-edge digital solutions, including closed-loop automation and artificial intelligence. By applying these technologies to drilling and fracturing operations, the companies intend to improve operational precision and efficiency.

Halliburton Company (NYSE:HAL) will contribute its global unconventional expertise and localized reservoir insights, while Pertamina seeks to transform its upstream production through sustainable, technology-driven revitalization strategies. The MOU underscores Halliburton’s expanding footprint in the Southeast Asian unconventional market and reflects a broader industry trend of using high-tech automation to maximize asset value in complex environments.

Halliburton Company (NYSE:HAL) provides products and services to the energy industry worldwide. It operates in two segments: Completion & Production and Drilling & Evaluation.

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