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Feb 23, 2026 8:01 AM

Halliburton Lands Major Indonesia Deal To Revive Aging Oil Fields

On Sunday, Halliburton Company (NYSE:HAL) announced a memorandum of understanding (MOU) with Indonesia’s PT Pertamina to enhance unconventional completions in the region. This partnership aims to support sustainable transformation and increase Indonesia’s energy supply, in line with Pertamina’s objectives.

The collaboration will focus on deploying advanced well construction and stimulation technologies.

The partnership with Pertamina is expected to leverage Halliburton’s technological expertise and global experience to revitalize mature fields in Indonesia.

“Halliburton integrates proven unconventional methodologies with localized reservoir insights to improve performance, strengthen local capabilities, and deliver technology-based solutions that maximize asset value for our customers,” commented Martin White, senior ...