Pertamina and Halliburton Sign MOU for Advanced Technologies in Indonesia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 22 2026
0mins
Should l Buy HAL?
Source: Yahoo Finance
- Technology Collaboration Agreement: PT Pertamina and Halliburton have signed a memorandum of understanding to accelerate the deployment of advanced well construction and stimulation technologies, which is expected to significantly enhance Indonesia's energy production capacity.
- Multi-Stage Hydraulic Fracturing: Under the MOU, both parties will evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, and advanced cementing services, which will help improve drilling and fracturing performance in selected onshore fields.
- Sustainable Transformation Strategy: Pertamina's President Director Simon A. Mantiri stated that this cooperation is a crucial part of the company's sustainable transformation of upstream production, aimed at increasing national oil lifting and ensuring reliable energy supply.
- Localized Technology Advantage: Halliburton will leverage global experience combined with localized reservoir insights to enhance stimulation effectiveness and optimize production, further expanding its unconventional completions footprint in Indonesia to maximize asset value.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.000
Low
28.00
Averages
32.31
High
39.00
Current: 38.000
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. It operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating. It also provides advanced drilling automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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