HOUSTON — Halliburton has entered into a strategic collaboration agreement with PETRONAS Suriname Exploration & Production BV and Valaris to support the development of offshore assets in Suriname, the company announced April 6.
The agreement brings the three companies together early in the project lifecycle, aligning planning, subsurface evaluation and execution strategies to improve efficiency and long-term project outcomes. The collaboration is designed to enhance project readiness, streamline execution and maximize value from the Suriname asset.
“This collaboration reflects PETRONAS Suriname’s confidence in our early engagement approach and the ability to establish execution readiness from the outset,” said Shannon Slocum, chief operating officer at Halliburton. “Our integration of subsurface insight with well construction expertise strengthens alignment throughout the development lifecycle and reinforces consistent, high-quality execution with PETRONAS Suriname and Valaris.”
The partnership combines PETRONAS Suriname’s basin expertise, Valaris’ offshore drilling capabilities and Halliburton’s technology portfolio. By integrating these strengths early, the companies aim to create a seamless workflow from initial concept through field development and execution.
A key component of the agreement is the use of digital well construction technologies and integrated subsurface data. This approach allows stakeholders to gain visibility into each phase of development, enabling better planning and more informed decision-making.
Halliburton said the collaboration will link subsurface evaluation and field development planning with execution strategies, helping ensure consistency across all phases of the project. The company emphasized that early integration reduces inefficiencies and improves coordination among project stakeholders.
The collaboration reflects a broader industry trend toward integrated project delivery models in offshore energy development. By aligning operators, service providers and drilling contractors early, companies aim to reduce risk, control costs and improve overall project performance.
The Suriname asset is part of a growing offshore energy market in South America, where operators are seeking to unlock new reserves while maintaining operational efficiency and sustainability goals.
Halliburton said the agreement supports effective planning and consistent execution throughout the asset lifecycle, ultimately helping maximize long-term value.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry, offering technologies that support exploration, development and production activities globally.
Originally reported by Halliburton.
.png)
