Pertamina and Halliburton partner to assess technologies for improving oil and gas production in Indonesia
Type: Partnership · Technology: Oil Gas · Country: Indonesia · Announced: 2026-03-08
Pertamina and Halliburton have entered into an MOU to evaluate multi-stage hydraulic fracturing, acid stimulation, and advanced cementing techniques to enhance performance of existing oil and gas reservoirs in Indonesia.
Analysis
Pertamina's new partnership with Halliburton centers on evaluating advanced technologies to boost output from Indonesia's existing oil and gas reservoirs. This development-stage Memorandum of Understanding specifically targets multi-stage hydraulic fracturing, acid stimulation, and advanced cementing techniques, indicating a strategic focus by the Indonesian state-owned corporation on enhancing performance rather than solely pursuing new exploration. The commercial logic for Pertamina is clear: maximizing value from its established asset base in Indonesia through proven, specialized recovery methods. While the value of this assessment phase remains undisclosed, the deal structure emphasizes a technical evaluation before any potential broader implementation across Pertamina’s Indonesian operations. This collaboration provides Halliburton, one of the world's largest providers of products and services to the energy industry, a direct avenue to apply its upstream oil and gas expertise within Pertamina's extensive Indonesian portfolio. Pertamina, as Indonesia's state-owned oil and natural gas corporation, is involved in exploration, production, refining, and distribution, making the enhancement of its production capabilities in Indonesia a core mandate. For Halliburton, this partnership allows the company to demonstrate its full reservoir lifecycle capabilities, including specialized techniques like acid stimulation, to a significant national energy player in Indonesia. The 2026-03-08 announcement positions this as a key technical engagement for both parties in the Indonesian oil and gas sector.
Key points
- Pertamina is an Indonesian state-owned oil and natural gas corporation.
- Halliburton is one of the world's largest providers of products and services to the energy industry.
- The partnership focuses on enhancing existing oil and gas reservoirs in Indonesia.
- Technologies under evaluation include multi-stage hydraulic fracturing and acid stimulation.
- The development-stage partnership was announced on 2026-03-08.
Counterparties
- Pertamina (Persero) (Partner)
- Halliburton (Partner)