Sinopec ties up with Halliburton in digital and low-carbon work

China’s second-largest oil company, Sinopec, has signed a framework agreement with US contractor Halliburton to further their collaboration in the oil and gas industry amid Sinopec’s drive to improve efficiency and reduce its carbon footprint.

The two companies have committed to extending their co-operation to cover clean energy, digitalisation, and carbon capture and storage (CCS), Sinopec said.

The agreement signed by Sinopec’s service outfit Sinopec Service last week, is an enabler for Halliburton to share its expertise with the Chinese state giant in smart field development, in production optimisation from mature fields and in CCS.