Halliburton Co., the largest Lower 48 completions expert, is accelerating its digital supply chain and extending it into manufacturing in another collaboration with consultancy Accenture.
The Houston-based oilfield services (OFS) giant has been working to advance digital deployment and integrate its systems across the value chain to enhance customer service.
Plans now are to launch a global hub-and-spoke supply chain and manufacturing service model in 2021.
“This transformation allows Halliburton to improve service levels and business outcomes by optimizing our investments across supply chain and manufacturing infrastructure,” said Halliburton’s Lawrence Pope, executive vice president of Administration.
The deal builds on a five-year strategic agreement Halliburton clinched in July with Accenture and Microsoft Corp. The previous agreement to build cloud-based digital platforms allowed Halliburton’s physical data centers to be migrated to Microsoft Azure.
In the new partnership, Accenture would provide support teams with advanced analytics and enhanced business intelligence tools to improve service levels and operations. Accenture would leverage its SynOps platform to advance the transformation.
“Halliburton’s strong digital foundation is critical to making its supply chain and manufacturing functions more responsive, resilient and able to adapt to changing market needs,” said Accenture Operations Group CEO Manish Sharma.
The plan is to create real-time supply chain “visibility” using artificial intelligence and analytics. In addition, Accenture would deploy scalable technology to automate procurement processes, enable touchless invoicing and improve data accuracy.
Accenture also is expected to help improve process efficiencies and increase productivity, enabling Halliburton to focus on strategic activities and scale at a lower incremental cost.
Energy operators across the spectrum are advancing their digital capabilities to improve efficiencies. Data is considered by many to be the world’s most valuable resource, giving the oil and gas industry more precise information to create better wells and safer operations.
For example, No. 1 OFS operator Schlumberger Ltd. recently partnered with IBM and Red Hat. The collaboration would provide global access to Schlumberger’s exploration and production cloud-based environment and cognitive applications.
Meanwhile, BP plc and Microsoft in September agreed to collaborate on digital transformation in energy systems and to help advance the net-zero carbon goals of both companies. The co-innovation agreement also lays out plans to find solutions for the Industrial Internet of Things, aka IoT, to provide “intelligent edge” capabilities for BP’s production and operations facilities.
Read More: Digital Expansion Accelerates at Halliburton, Aided by Accenture