Halliburton has entered into a memorandum of understanding with Indonesia’s state‑owned oil company PT Pertamina to deploy a suite of advanced unconventional completion and stimulation technologies. The partnership will focus on multi‑stage hydraulic fracturing, acid stimulation, advanced cementing services, and the potential use of closed‑loop automation and artificial intelligence to enhance drilling and fracturing performance in selected onshore fields.
The agreement reflects Halliburton’s recent momentum, following a Q4 2025 earnings report that saw earnings per share of $0.69 versus analyst expectations of $0.55 and revenue of $5.66 billion versus $5.39 billion. The beat was driven by strong international business, disciplined cost management, and a favorable mix of high‑margin services, giving the company a solid financial footing to pursue new growth opportunities.
Indonesia is a strategic market for Halliburton because PT Pertamina is actively expanding its unconventional oil and gas portfolio, having identified significant reserves in the Rokan Working Area and partnering with other firms on similar projects. The new deal positions Halliburton to supply proven North American‑style technologies to a country that is modernizing its mature‑field operations and seeking to increase production efficiency.
The memorandum outlines an evaluation phase that will assess the suitability of the technologies for Indonesian reservoirs, with pilot projects expected to begin within the next 12 to 18 months. Halliburton’s senior vice president for Asia Pacific, Martin White, emphasized that the company will bring its proven unconventional methodologies and localized reservoir insights to strengthen local capabilities and deliver technology‑based solutions that maximize asset value.
Other service providers operate in Indonesia’s oil and gas sector, but Halliburton’s combination of advanced completion tools, digital solutions, and AI‑driven automation is expected to give it a competitive edge in the region’s evolving unconventional landscape. The partnership is a key step in Halliburton’s strategy to expand its international footprint and capitalize on the growing demand for advanced drilling technologies worldwide.
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